Brief: Artemis To Acquire Blackwater Project From New Gold

Artemis Gold

09/06/2020 12:39

June 9 (Reuters) - Artemis Gold Inc  ARTG.V :
    * ARTEMIS TO ACQUIRE BLACKWATER PROJECT FROM NEW GOLD
    * ARTEMIS GOLD INC - DEAL FOR INITIAL CASH PAYMENT OF $140
MILLION
    * ARTEMIS GOLD INC - ACQUISITION TERMS INCLUDE ISSUANCE TO
NEW
GOLD OF ARTEMIS COMMON SHARES
    * ARTEMIS GOLD INC - ACQUISITION TERMS INCLUDE SECOND CASH
PAYMENT
OF $70 MILLION, LESS ABOUT $20 MILLION 12 MONTHS AFTER CLOSING
    * ARTEMIS GOLD INC - INITIAL PAYMENT FOR DEAL IS BACKSTOPPED
BY
MAJOR SHAREHOLDER RYAN BEEDIE

Source text for Eikon:  ID:nCNWglm9La 
Further company coverage:  ARTG.V 

 ((Reuters Messaging: Reuters.Briefs@thomsonreuters.com))