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| Date | 29 Nov 2022 |
| Time | 09:01:09 |
| Category | Disposals |
| ID | 9161H |
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:
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Artemis Resources Limited Mark Potter |
Mark.Potter@artemisresources.com.au or via Camarco |
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WH Ireland Limited (Nominated Adviser) |
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Antonio Bossi / Megan Liddell (Corporate Finance) |
Tel: +44 20 7220 1666 |
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Cenkos Securities (Broker) |
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Neil McDonald / Adam Rae / Pearl Kellie (Corporate Finance) Leif Powis (Corporate Broking) |
Tel: +44 20 7894 7000 Tel: +44 20 7894 7000 |
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Camarco (Financial PR) |
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Gordon Poole / Emily Hall / Rebecca Waterworth |
Email: 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.