Artemis Resources: Receives “strong support” for $2.55m capital raise

Artemis Resources Receives “strong support” for $2.55m capital raise

• Artemis Resources (ARV) launches a $2.55 million capital raise to accelerate exploration at its Western Australian copper and gold projects
• The company says it received “strong support” from private investors and will issue 170 million new shares at 1.5 cents — a six per cent discount to its last closing price
• The company will also issue one free attaching option for every two new shares held at a strike price of 2.5 cents
• The company is currently undergoing a technical and corporate strategic review and told investors it will resume its exploration activities once complete
• Shares in ArtemisResources are down 6.25 per cent to 1.5 cents at 12:42 pm AEDT