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Artemis Announces Closing of $175 Million Private Placement of Subscription Receipts
Artemis Announces Closing of $175 Million Private Placement of Subscription Receipts ...
About this update from Artemis Gold Inc
[{"type":"text","content":"\n\n\n\nArtemis Announces Closing of $175 Million Private Placement of Subscription Receipts\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 6, 2020\n\n\n\nAll amounts are in Canadian Dollars unless otherwise noted\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nTrading Symbol: TSX-V: ARTG\n VANCOUVER, BC, July 6, 2020 /CNW/ - Artemis Gold Inc. (TSXV: ARTG) (\"Artemis\" or, the \"Company\") is pleased to announce that the Company has closed the previously announced \"bought deal\" private placement (\"Bought Deal Offering\") and non-brokered private placement (\"Non-Brokered Offering\" and together with the Bought Deal Offering, the \"Offerings\") of an aggregate of 64,825,925 subscription receipts (the \"Subscription Receipts\") at a price of C$2.70 per Subscription Receipt. Each Subscription Receipt entitles the holder to receive one common share in the capital of the Company (a \"Share\") for no additional consideration upon satisfaction of the Escrow Release Conditions (as defined below). The Offerings were originally announced by way of press release on June 12, 2020.\n\n \n \n \n \n \n \n\n \nThe Bought Deal Offering consists of 38,900,000 Subscription Receipts for aggregate gross proceeds of C$105,030,000. The Bought Deal Offering was conducted by a syndicate of underwriters, co-led by Canaccord Genuity Corp. and BMO Capital Markets (the \"Co-Lead Underwriters\") and included Haywood Securities Inc., National Bank Financial Inc., PI Financial Corp. and Stifel GMP. The Non-Brokered Offering consists of 25,925,925 Subscription Receipts for aggregate gross proceeds of approximately C$70,000,000 issued to certain insiders of the Company and a president's list on the same terms as the Bought Deal Offering. The Subscription Receipts and the Shares issuable in exchange for the Subscription Receipts are subject to a four-month statutory hold period expiring November 8, 2020. \nThe proceeds from the Offerings will be used by the Company to fund th...