Artemis Announces Non-Brokered Private Placement of $1,362,500 and Granting of Stock Options
3083 Three Bentall Centre, 595 Burrard Street, Vancouver, BC, V7X 1L3
Telephone: 604.558.1107 Fax: 604.566.9050 [email protected]
www.artemisgoldinc.com
August 27, 2020
NOT
FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
PRE
SS RELEASE
ARTEMIS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF $1,362,500 AND GRANTING
OF STOCK OPTIONS
VANCOUVER, BC - ARTEMIS GOLD INC. (“ Artemis” or the “Company”) is pleased to announce that
pursuant to the terms of an employment agreement between Mr. Nick Campbell and the Company (as
previously announced on August 24, 2020) it intends to complete a non-brokered private placement
to Mr. Campbell for gross proceeds of $1,362,500 (the “Private Placement”). The Company expects to
use the net proceeds from the Private Placement towards advancing its recently acquired Blackwater
Gold Project in Central British Columbia, as well as for general working capital.
The P
rivate Placement will result in the Company issuing to Mr. Campbell 250,000 common shares of the
Company (the “Shares”) at a price of $5.45 per Share, representing a 5% premium to the closing market
price of the Company on August 27, 2020.
Th
e Private Placement is subject to certain conditions including, but not limited to, receipt of all required
regulatory approvals. The Shares issued by the Company in connection with the Private Placement will
be subject to a 4-month and one day “hold period” as prescribed by applicable securities laws.
Stock Option Grant
Th
e Company also announces that the board of directors of the Company has approved the grant of an
aggregate of 2,900,000 incentive stock options (the “Options”) pursuant to the Company’s Stock Option
Plan, to directors, officers and employees of the Company.
Th
e Options are exercisable at a price of $ 5.19 per Share, being the closing S hare price of the Company
on August 27, 2020 on www.tmxmoney.com, expiring on August 27, 2025.
AR
TEMIS GOLD INC.
On behalf of the Board of Directors
“St
even Dean”
Chairman and Chief Executive Officer
+1 604 558 1107
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
3083 Three Bentall Centre, 595 Burrard Street, Vancouver, BC, V7X 1L3
Telephone: 604.558.1107 Fax: 604.566.9050 [email protected]
www.artemisgoldinc.com
Cautionary Note Regarding Forward-Looking Information
T
his news release contains certain “forward looking statements” and certain “forward- looking
information” as defined under applicable Canadian and U.S. securities laws. Forward- looking statements
and information can generally be identified by the use of fo rward-looking terminology such as “may”,
“will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “potential” or similar
terminology. Forward-looking statements and information are not historical facts, are made as of the date
of this news release, and include, but are not limited to, statements regarding the Private Placement, the
proceeds and use of proceeds from the Private Placement and the closing of the Private Placement. These
forward-looking statements involve numerous risks and uncertainties and actual results may vary.
Important factors that may cause actual results to vary include without limitation, risks related to the
Private Placement, risks related to the ability of the Company to settle documentation and close the Private
Placement, and risks related to the Company’s ability to use the proceeds of the Private Placement as
anticipated. In making the forward- looking statements in this news release, the Company has applied
several material assumptions, including without limitation, the assumptions that: (1) the Private
Placement will be completed and proceeds used as expected by management; (2) the receipt of any
necessary approvals and consents; and ( 3) that the Company will be able to close the Private Placement
on the terms set out in this news release. The actual results or performance by the Company could differ
materially from those expressed in, or implied by, any forward- looking statements relating to those
matters. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what impact they will have on the results of
operations or financial condition of the Company. Except as required by law, the Company is under no
obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking
statement, whether written or oral, that may be made from time to time, whether as a result of new
information, future events or otherwise, except as may be required under applicable securities laws.
For further information: Steven Dean, Chairman and Chief Executive Officer, +1 604 558 1107