logo-loader
viewArtemis 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: 0.08 AUD

ASX:ARV
Market: ASX
Market Cap: $82.71 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

Gold producers and 'favoured explorers' enjoying continued strong run

Mining Capital's Alastair Ford discusses the continued strength of the gold price. ''Gold has been one of the big winners out of the coronavirus crisis ... everyone can see there's more money being printed because of the massive economic uncertainty and in the medium term President Trump is...

on 21/5/20

2 min read