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LONDON - Artemis Resources Limited (ASX:ARV) has announced adjustments to its share capital following its recent $4.75 million capital raise, according to a press release issued Friday.
The company has applied for admission to trading on AIM for 34,980,246 additional shares, which includes 2,000,000 shares from further orders received after its July 21 capital raise announcement and 32,980,246 "reconciliation shares" discovered during a review of shares admitted to trading.
The reconciliation shares represent less than 1% of the company’s total share capital. Admission of these shares to AIM is expected to occur on or around September 30.
Artemis also corrected a previous error in its reported total voting rights. The company stated that the figure announced on September 10 as 4,622,172,165 should have been 3,735,941,919.
Following the admission of the additional shares, Artemis will have 3,770,922,165 shares in issue, which shareholders can use as the denominator for calculations regarding interest notifications under the FCA’s Disclosure Guidance and Transparency Rules.
The $4.75 million capital raise was completed in two tranches, with 330 million shares issued on July 29 (tranche 1) and 899 million shares issued on September 8 (tranche 2) following shareholder approval.
The company’s board approved the release of this information, according to the press release statement.
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