Metal Tiger makes fresh investment in copper-gold explorer Artemis Resources
The proceeds of the A$7mln Artemis share placing are earmarked for exploration drilling in the Pilbara region of Australia.
Metal Tiger PLC (LON:MTR) has made a fresh investment in Aussie copper-gold explorer Artemis Resources Limited (ASX:ARV), participating a well supported share placing.
The AIM-quoted firm has subscribed for 12.5mln shares in the Artemis placing, which was priced at 6 Australian cents per share. The A$750,000 investment increasing Metal Tiger’s Artemis shareholding to 14.35mln shares, or 1.15% of the company.
Metal Tiger noted that the Artemis funding saw strong demand from institutional investors.