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Share Name Share Symbol Market Type Share ISIN Share Description
Artemis Resources Limited LSE:ARV London Ordinary Share AU000000ARV3 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.45 1.40 1.50 1.45 1.45 1.45 423,453 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 20

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

29/11/2022 9:01am

UK Regulatory (RNS & others)


Artemis Resources (LSE:ARV)
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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 
                                                                            or via Camarco 
 
                  WH Ireland Limited (Nominated Adviser) 
                Antonio Bossi / Megan Liddell (Corporate                  Tel: +44 20 7220 1666 
                 Finance) 
                Cenkos Securities (Broker) 
                Neil McDonald / Adam Rae / Pearl Kellie                   Tel: +44 20 7894 7000 
                 (Corporate Finance)                                       Tel: +44 20 7894 7000 
                 Leif Powis (Corporate Broking) 
                Camarco (Financial PR) 
                Gordon Poole / Emily Hall / Rebecca                       Email: artemis@camarco.co.uk 
                 Waterworth 
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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(END) Dow Jones Newswires

November 29, 2022 04:01 ET (09:01 GMT)

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