logo-loader
Artemis Resources Ltd

Artemis signs binding agreement to acquire 100% of Rincon Resources

Artemis Resources Ltd (ASX:ARV) executive director Edward Mead updates Proactive Investors on the company’s binding share sale and purchase agreement to acquire 100% of Rincon Resources Ltd.

The acquisition will include the rights to three highly prospective projects and will expand Artemis’ holding within the Paterson Province to 1,140 square kilometres, making it one of the largest landholders in the region.

Rincon’s acquisition will be subject to due diligence, a further 23% acceptance of Rincon shares and Artemis shareholder approval, for a total sum of $2.7 million (shares plus performance payouts).

Quick facts: Artemis Resources Ltd

Price: $0.03

Market: ASX
Market Cap: $20.98 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Artemis Resources Ltd named herein, including the promotion by the Company of Artemis Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Artemis Resources focused on transition to cash flow after strategic review

Artemis Resources Ltd (ASX:ARV) chief executive officer Wayne Bramwell updates Proactive Investors on the gold explorer’s strategic review following its major board restructure last month.   “The immediate focus for the company will be to systematically advance Artemis’...

on 28/3/19

2 min read