Artemis’ Oversubscribed Capital Raise Raises Questions on Share Dilution
Artemis Resources has completed a $4.925 million capital raise through the issuance of over 1.23 billion shares, exceeding its initial target. This update finalizes the company’s recent funding efforts, signaling strengthened financial footing.
- Total capital raised reaches $4.925 million
- 1,231,250,000 shares issued at $0.004 each
- Additional shares issued beyond initial firm commitments
- Shareholder approval secured for tranche 2 issuance
- Use of Listing Rule 7.1 capacity for share issuance
Capital Raise Completion
Artemis Resources Limited (ASX – ARV), a mining exploration company based in West Perth, has announced the completion of its recent capital raising initiative. Initially targeting $4.75 million, the company has now raised a total of $4.925 million through the issuance of 1.23 billion shares at a price of $0.004 each. This final figure includes additional shares issued following the initial firm commitments and shareholder approvals.
Details of the Share Issuance
The capital raise was conducted in two main tranches. The first tranche, consisting of 330 million shares, was issued on 29 July 2025. The second tranche, which included 857.5 million shares, was issued on 8 September 2025 after receiving shareholder approval. Additionally, 37.5 million shares were issued alongside tranche 2 under Listing Rule 7.1, which allows companies to issue shares without prior shareholder approval within certain limits.
Following a reconciliation of all subscriptions and cash receipts, Artemis identified a further 6.25 million shares worth $25,000 that had been paid for but not yet issued. These shares were subsequently issued on 19 September 2025, also under Listing Rule 7.1 capacity.
Implications for Artemis Resources
This capital injection provides Artemis Resources with a stronger financial base as it continues its exploration activities. While the announcement does not specify how the funds will be allocated, the successful raise and oversubscription indicate investor confidence in the company’s prospects. The use of Listing Rule 7.1 capacity for some share issuances suggests Artemis is managing its capital structure carefully to maintain flexibility.
Investors will be watching closely for updates on how Artemis plans to deploy this capital, particularly in advancing its exploration projects or expanding its operational footprint. The company’s ability to attract additional funds beyond initial commitments may also signal underlying optimism about its growth potential.
Bottom Line?
Artemis Resources’ capital raise closes with a slight overshoot, setting the stage for its next strategic moves.
Questions in the middle?
- How does Artemis plan to allocate the freshly raised $4.925 million?
- Will the increased share count impact existing shareholders’ dilution concerns?
- What exploration milestones or projects will this capital enable Artemis to pursue next?
