BUZZ-Australia's Artemis Resources falls on discounted capital raising

Reuters

2024/12/16

** Australia's Artemis Resources ARV.AX slips as much as 18.2% to A$0.009, lowest since Dec. 10

** Gold and copper explorer gets commitments to raise A$4 mln ($2.6 mln) at an issue price of A$0.007 - a 36.4% discount to last close

** Fund will be used for drilling at co's Karratha Gold Project in Western Australia

** About 6.9 mln shares traded, ~3.4x the 30-day avg

** Stock down 52.6% YTD

($1 = A$1.5708)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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