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- Artemis Resources (ARV) has begun planning a bookbuild, after placing its shares in a trading halt on the ASX
- The materials stock hasn’t announced the full details of the capital raising, with an announcement expected in the coming days
- Until then, the company’s securities will remain halted from trading until June 2 at the latest
- Before today’s potential bookbuild announcement, Artemis announced Director Boyd Timler had resigned from its board
- The business also advised it was going to continue exploration work at the Carlow Castle Project, despite a subdued preliminary resource calculation
- Artemis Resources’ shares last traded at 6 cents apiece on May 28
Artemis Resources (ARV) has begun planning a bookbuild after placing its shares in a trading halt on the ASX.
The materials stock hasn’t announced the full details of the capital raise, with an announcement on the bookbuild expected in the coming days.
Until the market is updated on the raise, the company’s securities will remain halted from trading until June 2 at the latest.
Meanwhile, before today’s potential bookbuild announcement, Artemis announced last week that Director Boyd Timler had resigned from its board.
The business also advised it was going to continue exploration work at the Carlow Castle Project despite a subdued preliminary resource calculation.
Carlow’s resource sits at an estimated 14.3 million tonnes at 0.7 g/t gold for 320,000 ounces.
However ARV stated this calculation showed there were areas at the WA-based asset that require further drilling.
To capitalise on this, the company is planning to review current and outstanding drill results to determine the best course of action for future exploration work.
Artemis Resources’ shares last traded at 6 cents apiece on May 28.
