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Artemis Resources chairman and Dubai royal family member buys shares

His Highness Sheikh Maktoum Hasher M Juma Al Maktoum purchased the shares on-market.

Artemis Resources Ltd - Artemis Resources chairman and Dubai royal family member buys shares
Exploration has been recently focused on the Carlow Project and Aramada Project

Artemis Resources Ltd (ASX:ARV) non-executive chairman Sheikh Maktoum has purchased 1.11 million shares in the company through on-market trades.

The $36,991 purchase increases his overall holding in the company to 11.26 million shares.

Artemis recently successfully raised $5.9 million through a share placement priced at 3.2 cents.

The funds will be used to pay off a $4.6 million convertible note leaving the company debt-free with the remaining $1.1 million for Artemis key projects in the Telfer and Karratha areas of Western Australia.

Upcoming news flow expected

A new JORC resource estimate is due for the Carlow Gold-Copper Project in late October 2019 and Artemis is preparing to drill its Armada Project, also in Western Australia.

Notably, the Armada project surrounding the Havieron discovery (275 metres at 4.77 g/t gold) made by Newcrest Mining (ASX:NCM) and Greatland Gold PLC (LON:GGP).

Quick facts: Artemis Resources Ltd

Price: 0.027 AUD

ASX:ARV
Market: ASX
Market Cap: $25.21 m
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