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REG - Artemis Resources Ld - Disposal of non-core investment for AUD2.0m

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RNS Number : 9161H  Artemis Resources Limited  29 November 2022

 
 
29 November 2022
 
Artemis Resources Limited
("Artemis" or the "Company")

 

Disposal of Non-Core Investment for AUD2.0m

 

Artemis Resources Limited (ASX/AIM: ARV, FRA: ATY, US: ARTTF) announces that
it has sold 100% of its equity investment in AIM-listed Alien Metals Limited
(AIM:UFO) for approximately GBP1.15m (~AUD2.0m) of gross cash proceeds.

 

Cash raised from the proceeds will be used to fund exploration activities at
the Paterson and Carlow Au-Cu Projects, and for general working capital
purpose.

 

Cash in bank as of 28 November, including the above sale proceeds from recent
investment disposals, is approximately AUD 2.3m.

 

For further information on the Company, please visit
www.artemisresources.com.au or contact:

 

 Artemis Resources Limited

 Mark Potter                                                  Mark.Potter@artemisresources.com.au
                                                              (mailto:Mark.Potter@artemisresources.com.au) or via Camarco

 WH Ireland Limited (Nominated Adviser)
 Antonio Bossi / Megan Liddell (Corporate Finance)            Tel: +44 20 7220 1666
 Cenkos Securities (Broker)
 Neil McDonald / Adam Rae / Pearl Kellie (Corporate Finance)  Tel: +44 20 7894 7000

 Leif Powis (Corporate Broking)                               Tel: +44 20 7894 7000
 Camarco (Financial PR)
 Gordon Poole / Emily Hall / Rebecca Waterworth               Email: artemis@camarco.co.uk (mailto:artemis@camarco.co.uk)

 

 

About Artemis Resources

 

Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) is a Perth-based
exploration and development company, led by an experienced team that has a
singular focus on delivering shareholder value from its Pilbara gold projects
- the Greater Carlow Project in the West Pilbara and the Paterson Central
exploration project in the East Pilbara.

 

 

 

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