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Exploration|Resources
Exploration|Resources
exploration|resources

Artemis sells Novo shares

15th September 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – ASX-listed Artemis Resources has raised A$5.78-million following the sale of its 1.64-million shares in TSX-V listed Novo Resources.

Artemis on Tuesday told shareholders that an average sale price of C$3.40 had been achieved per share.

The four-month escrow stock was issued to the company in April this year, at a price of C$2.06 a share.

“We are pleased to have been able to complete these share sales in a structured and responsible manner to yield nearly A$5.78-million to put back into treasury. This non-diluted funding will only strengthen our hand as we embark on a particularly busy, multi-programme phase of exploration across our Pilbara portfolio,” said Artemis executive director Alastair Clayton.

“We also have additional noncore asset divestments that are expected to close imminently,” he added.

Edited by Creamer Media Reporter

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