18:46:41 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Artemis Gold Inc
Symbol ARTG
Shares Issued 50,257,049
Close 2020-08-27 C$ 5.19
Market Cap C$ 260,834,084
Recent Sedar Documents

Artemis Gold arranges $1.36-million private placement

2020-08-27 18:57 ET - News Release

Mr. Steven Dean reports

ARTEMIS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF $1,362,500 AND GRANTING OF STOCK OPTIONS

Pursuant to the terms of an employment agreement between Nick Campbell and Artemis Gold Inc. (as previously announced on Aug. 24, 2020), Artemis intends to complete a non-brokered private placement to Mr. Campbell for gross proceeds of $1,362,500. The company expects to use the net proceeds from the private placement toward advancing its recently acquired Blackwater gold project in central British Columbia, as well as for general working capital.

The private placement will result in the company issuing to Mr. Campbell 250,000 common shares of the company at a price of $5.45 per share, representing a 5-per-cent premium to the closing market price of the company on Aug. 27, 2020.

The private placement is subject to certain conditions including, but not limited to, receipt of all required regulatory approvals. The shares issued by the company in connection with the private placement will be subject to a four-month-and-one-day hold period as prescribed by applicable securities laws.

Stock option grant

The company also announces that the board of directors of the company has approved the grant of a total of 2.9 million incentive stock options, pursuant to the company's stock option plan, to directors, officers and employees of the company.

The options are exercisable at a price of $5.19 per share, being the closing share price of the company on Aug. 27, 2020, expiring on Aug. 27, 2025.

We seek Safe Harbor.

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