Artemis Resources Ltd - gold, copper and lithium focused resources company with projects in Western Australia - Says tranche one of shares from the previously announced A$4 million placement have been issued, receiving funds totalling A$2.1 million. Says 287 million shares were issued on December 20 with the oversubscribed fundraise supporting Artemis in delivering on its Karratha Gold Project drilling program. Says the majority of funds to be used for drilling targets, with this beginning in early 2025. Adds that tranche 2 will be completed following shareholder approval at an extraordinary general meeting on or around February 6, with the majority of funds already received and held in trust. Says approval will be sought at the EGM to allow incoming director Julian Hanna to participate to the extent of A$20,000 or around 2.9 million shares.
Current stock price: 0.43 pence, up 7.5% on Thursday afternoon in London
12-month change: down 62%
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