Artemis raises A$12m

Junior Artemis Resources will raise A$12-million through the issue of some 60-million shares, at a price of 20c each, to fund its share of gold exploration in Western Australia. “These funds will allow Artemis to play a key role in working closely Novo [Resources] on the 50/50 joint venture (JV) for conglomerate and/or paleo placer gold at Purdy’s Reward and other targets within the mutual JV ground in the Karratha region of Western Australia,” said Artemis executive chairperson David Lenigas.