Artemis Resources drafts in Taylor Collison, Bells for raising
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ASX-listed gold/copper explorer Artemis Resources is on the hunt for a cash injection to ramp up drilling activities at its Western Australian resources projects.
ASX-listed gold/copper play Artemis Resources was sounding out funds for a capital raising over the weekend.
Sources told Street Talk Artemis had Taylor Collison and Bell Potter sounding out small cap resources funds for a $10 million funding round over the weekend, which was expected to launch as early as Monday morning.
The brokers were talking to funds about a placement priced at 10¢ a share, above the company’s 9.6¢ last close and a 6.7 per cent discount to its five-day volume weighted average price.
Artemis Resources (ASX:ARV) Carlow Castle drilling yields 24g/t gold
Source: Artemis Resources
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Artemis Resources (ARV) has received an encouraging batch of results from its Carlow Castle gold-copper-cobalt project in the Pilbara region of Western Australia
The fresh finds come from the explorer s 55-hole drill programme completed in mid-March
Hole ARC282 yielded findings five metres at 24.32g/t gold, 3.39 per cent copper, 0.24 per cent cobalt from 166 metres, including three metres at 39.38g/t gold, 5.27 per cent copper, 0.38 per cent cobalt from 166 metres
More broadly, Artemis said the results have substantially increased the size and potential of gold-copper-cobalt mineralisation at the project
Confused swan rescued from traffic and ushered to safety in Irish town
The swan slowly waddled back towards a nearby river thanks to the help from a passerby
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A confused swan was rescued from traffic in the middle of a bridge in Carlow town and was slowly ushered to safety by a kind local man on Wednesday.
Artemis Resources Ltd finds up to 2 62% cobalt and 7 44% copper to complement the excellent gold results from Carlow Castle drilling proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.