Disposal of non-core investment for AUD2.0m

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	[e-mail] or via Camarco
WH Ireland Limited (Nominated Adviser)
Antonio Bossi / Megan Liddell (Corporate Finance)	Tel: [phone]
Cenkos Securities (Broker)
Neil McDonald / Adam Rae / Pearl Kellie (Corporate Finance) Leif Powis (Corporate Broking)	Tel: [phone] Tel: [phone]
Camarco (Financial PR)
Gordon Poole / Emily Hall / Rebecca Waterworth	Email: [e-mail]

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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