Ann: Artemis Signs Novo Share Sale Deal to Bank $20 million, page-7

Dissecting the quote from DL

“This $20 million deal will significantly boost Artemis’s cash reserves without diluting shareholders. Our 50% interest in the exciting Novo/Artemis joint venture in the Karratha area remains unchanged and we are well funded to continue paying our share of JV expenses. Artemis believes that the decision by Kirkland Lake Gold to increase its position in Novo is further evidence of the strength in the conglomerate and paleo placer gold story.”

This sounds to me like NOVO is about to go full steam ahead on developing the JV ground and ARV needs the cash to keep up. KL is certainly very bullish about NOVO and they are no dummies. All in all this looks to be a very positive outcome for us shareholders.