Business
Artemis Announces Non-Brokered Private Placement of $1,362,500 and Granting of Stock Options
Artemis Announces Non-Brokered Private Placement of $1,362,500 and Granting of Stock Optio...
About this update from Artemis Gold Inc
[{"type":"text","content":"\n\n\n\nArtemis Announces Non-Brokered Private Placement of $1,362,500 and Granting of Stock Options\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, Aug. 27, 2020\n\n\n\n/NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES./\n VANCOUVER, BC, Aug. 27, 2020 /CNW/ - ARTEMIS GOLD INC. (\"Artemis\" or the \"Company\") is pleased to announce that pursuant to the terms of an employment agreement between Mr. Nick Campbell and the Company (as previously announced on August 24, 2020) it intends to complete a non-brokered private placement to Mr. Campbell for gross proceeds of $1,362,500 (the \"Private Placement\").  The Company expects to use the net proceeds from the Private Placement towards advancing its recently acquired Blackwater Gold Project in Central British Columbia, as well as for general working capital.  \nThe Private Placement will result in the Company issuing to Mr. Campbell 250,000 common shares of the Company (the \"Shares\") at a price of $5.45 per Share, representing a 5% premium to the closing market price of the Company on August 27, 2020.  \nThe Private Placement is subject to certain conditions including, but not limited to, receipt of all required regulatory approvals.  The Shares issued by the Company in connection with the Private Placement will be subject to a 4-month and one day \"hold period\" as prescribed by applicable securities laws.\nStock Option Grant\nThe Company also announces that the board of directors of the Company has approved the grant of an aggregate of 2,900,000 incentive stock options (the \"Options\") pursuant to the Company's Stock Option Plan, to directors, officers and employees of the Company. \nThe Options are exercisable at a price of $5.19 per Share, being the closing Share price of the Company on August 27, 2020 on www.tmxmoney.com, expiring on August 27, 2025.\nARTEMIS GOLD INC.On behalf of the Board of Directors\n\"Steven Dean\"Chairman and Chief Executive Officer+1 604 558 1107\nNeither the TSX Venture Exchange nor its Regulation Servic...