7th Feb 2022 19:58
(Alliance News) - Perth-based miner Artemis Resources Ltd has started trading on London's AIM market on Monday, following the raising of GBP5 million through the issue of 133.3 million shares at 3.75 pence each.
Artemis is focused on its 100%-owned Paterson Central gold-copper project, and the new cash raised will go towards restarting phase one drilling, which is expected to begin in March.
At the open, Artemis Resources had a market capitalisation of GBP52 million, with 1.39 billion shares issued overall.
"We are delighted to commence trading on the AIM market of the London Stock Exchange today, providing new and existing UK and European investors an efficient way to own and trade our stock. I believe that Artemis offers a highly-attractive investment opportunity with our 100%-owned Paterson Central and Greater Carlow gold and copper projects located in the safe, tier one mining jurisdiction of Western Australia," said Chair Mark Potter.
Shares in Artemis Resources closed at 3.73 pence on Monday in London, down 0.5% from its IPO price.
By Dayo Laniyan; [email protected]
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