https://www.miningweekly.com

Artemis Gold to raise up to C$156m for Blackwater

10th May 2021

By: Creamer Media Reporter

     

Font size: - +

Toronto-listed Artemis Gold on Monday announced that it would raise up to C$156-million to make its final cash payment for the Blackwater gold project, which it bought from New Gold, and to fund permitting and development costs.

Artemis entered into an agreement with a syndicate of underwriters, co-led by National Bank Financial and BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 16.39-million shares at C$6.10 each for gross proceeds of C$100-million.

The company also announced a nonbrokered private placement, whereby up to 9.2-million common shares will be issued to insiders and to a president’s list, at the offering price, for gross proceeds of up to C$56.12-million.

Artemis in June last year announced the acquisition of the Blackwater project, in British Columbia, for C$190-million.

Artemis plans to develop the Blackwater project into a 250 000 oz/y operation, which will cost less than C$600-million, and then finance two subsequent expansion stages from future operating cashflows.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.054 0.919s - 128pq - 2rq
Subscribe Now