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Artemis Resources Limited (ASX:ARV)

ALERT: Price-sensitive ASX Announcement for ARV
Current share price for ARV : $0.004 -0.002 (-30%)+
Announcement
Release
11 Jun 2026 9:25AM
Price at Release
$0.005
Full Release
download
Summary
Artemis Resources Limited announced a successful placement to raise A$8 million to accelerate exploration of gold and copper projects. The placement was heavily oversubscribed and involved a strategic commitment from Jupiter Asset Management, increasing its holding to 9.9%. The funds will focus on maiden drilling at Cassowary Copper-Gold Project in the Madura Province and exploration across Pilbara Gold Projects. The placement consists of 2 billion new shares at A$0.004 each, with a free attaching option. The effort is managed by CPS Capital Group Pty Ltd, with strong support from institutional investors, evidencing confidence in Artemis's exploration strategy.
Key Points
  • Raised A$8 million through placement.
  • Heavily oversubscribed with firm commitments.
  • Jupiter Asset Management increases stake to 9.9%.
  • Focus on exploration in Madura Province and Pilbara.
  • Placement includes 2 billion new shares at A$0.004.
  • Free attaching option for each new share.
  • CPS Capital Group Pty Ltd led the placement.
  • Strong demand from institutional investors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.