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PERTH - Artemis Resources Limited (ASX/AIM:ARV) announced Friday plans to issue shares to three directors as part of the company’s fundraising initiative announced on July 21, 2025, subject to shareholder approval at an upcoming General Meeting.
The Perth-based exploration and development company, which focuses on battery and precious metals projects in Western Australia, intends to issue 15 million shares to Managing Director Julian Hanna, 6.25 million shares to Chairman Guy Robertson, and 6.25 million shares to Non-Executive Director Vivienne Powe.
Additionally, the company plans to award 5 million options to Director Bruce Garlick. The options will be issued at no cost, expire two years after issuance, and have an estimated value of A$14,000. According to the company, these options are intended as performance-linked incentives.
The General Meeting is scheduled for August 29, 2025, at 11 a.m. Western Standard Time in West Perth. The meeting will include resolutions to enable the allotment and admission to trading on AIM of 830 million Second Tranche Placing Shares.
Following the proposed share issuance, Hanna will hold 18 million shares (0.48% of total voting rights), Robertson will hold 10.25 million shares (0.28%), and Powe will hold 7.25 million shares (0.19%). The directors also hold various options in the company.
The shares will be issued at a price of A$0.004 per share, according to the press release statement. The company has made the notice of the General Meeting and proxy forms available on its website for shareholders.
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