RCS - Artemis Resources Ld - Results of Fundraising

WH IrelandAnnouncement

25/01/2022 14:10

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RNS Number : 5934Z  Artemis Resources Limited  25 January 2022

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION,
RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA
OR NEW ZEALAND OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A BREACH OF ANY APPLICABLE LAW OR REGULATION.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF
CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER FOR SALE OR
SUBSCRIPTION IN RESPECT OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT
DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION,
OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE
OF ANY SECURITIES OF ARTEMIS RESOURCES LTD IN ANY JURISDICTION WHERE TO DO SO
WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

 

25 January 2022

Artemis Resources Ltd

("Artemis Resources", the "Company" or together with subsidiaries, the
"Group")

(ASX: ARV, FRA: ATY, US: ARTTF)

 

Results of Fundraising

Artemis Resources, an Australian-based and ASX-listed mining exploration and
development company, announces that, further to its announcement of 7.00 a.m.
(London time) on 24 January 2022 (the "Placing Announcement"), it has
successfully completed and closed the Placing and a direct subscription of
Ordinary Shares ("Subscription Shares") by certain shareholders (together with
the Placing the "Fundraising").

 

The Fundraising has raised, in aggregate, gross proceeds of £5 million
through the placing of 133,333,333 Placing Shares and Subscription Shares to
certain institutional and other investors at a price of 3.75 pence per share.

 

The net proceeds of the Fundraising will be primarily applied for the
development of the Group's Carlow Castle project and Paterson Central project,
as further detailed in the Placing Announcement.

 

Admission and Total Voting Rights

 

Application will be made to the London Stock Exchange for Admission of the
Enlarged Issue Share Capital of 1,388,330,984 Ordinary Shares to trading on
AIM. It is expected that Admission will become effective and that dealings in
the Placing Shares and Subscription Shares will commence on AIM at 8.00 a.m.
on 7 February 2022 (or such later date as may be agreed between the Company
and the Bookrunner, but no later than 28 February 2022).

The Placing Shares and Subscription Shares will be issued fully paid and will
rank pari passu in all respects with the Company's existing Ordinary Shares.

For the purposes of the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules ("DTRs"), following Admission, the total number of Ordinary
Shares with voting rights in the capital of the Company in issue will be
1,388,330,984. Artemis Resources holds no shares in treasury. The figure of
1,388,330,984 may be used by shareholders in the Company as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in the Company,
pursuant to the Company's Articles (which incorporate the relevant provisions
of the DTRs) or under the ASX Listing Rules.

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings ascribed to such terms in the Placing Announcement, unless
the context requires otherwise.

Alastair Clayton, Executive Director, of Artemis Resources Limited, said:

"We have received a fantastic response to our capital raise and proposed
AIM-listing and have closed the book earlier than originally anticipated.
From our discussions with new and existing shareholders it is clear that our
strategy to provide UK and European investors a more direct route to owning
our shares has been the right one.

That we have successfully raised the maximum amount approved by the Board at
zero discount to the last traded price in Australia, I believe, is testimony
to the opportunity and value proposition presented by our Paterson Central and
Greater Carlow/Radio Hill gold - copper projects in Western Australia.

The Company is now well funded to execute its extensive drill programmes and
we expect to have further updates regarding these plans very soon. We look
forward to our first day of trade in London the 7(th) of February.

Lastly I would like to thank WH Ireland and our other UK and Australian
advisers for their efforts in making this AIM dual-listing a reality."

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

Enquiries

 Artemis Resources Limited                                             via Camarco
 Alastair Clayton

 WH Ireland Limited

(Nominated Adviser and Sole Broker)
 Jessica Cave / Megan Liddell (Corporate Finance)                      Tel: +44 20 7220 1666

 Harry Ansell / Daniel Bristowe / Adam Pollock (Corporate Broking)     Tel: +44 20 7220 1648

 Camarco (Public Relations)                                            Tel: +44 20 3781 9244
 Gordon Poole / James Crothers                                         Email: artemis@camarco.co.uk

 Emily Hall / Rebecca Waterworth

 

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