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LONDON - Artemis Resources Limited (ASX/AIM:ARV) announced Thursday that trading of its shares has been halted on the Australian Securities Exchange (ASX) to conduct a capital raising book build.
The company said in a press release that the funds will be used to develop its portfolio of gold assets and supplement its liquid assets for general working capital purposes.
The trading halt is expected to remain in effect until either an announcement is made by the company or trading resumes on July 21, 2025.
Trading of Artemis shares on the London Stock Exchange (LON:LSEG)’s AIM market remains unaffected by the ASX halt.
Artemis Resources operates several projects in Western Australia’s north Pilbara region, including the Karratha Gold Project, Cassowary Project, Karratha Lithium Project, and Paterson Central Gold/Copper project. The company also owns the Radio Hill processing plant located 35km from Karratha.
The company is currently focused on discovering multiple gold prospects within its tenement package exceeding 200 square kilometers, which could build upon the initial Mineral Resource at Carlow.
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