HIGHLIGHTS: • Artemis fully closes out US$2 million Convertible Note put in place on 28 April 2017 that funded the acquisition of the Radio Hill Plant and its associated and extensive tenement package in the Karratha Region of Western Australia. • Convertible closed out 11 months earlier than originally anticipated. • Convertible was originally for a 16 month period. • Artemis issues 5,987,503 shares to completely pay down the Covertible Note. • The arrangement provided Artemis with US$2million (~A$2.66million) by way of a 16 month Loan Agreement and Convertible Note: ➢ Artemis’ share price at time of signing was only 9 cents per share. ➢ Convertible price was fixed at 12 cents per share. ➢ Artemis, at it’s election, could pay monthly repayments in cash if the Artemis share share price is below 12 cents per share. A total of US$200,000 was paid in cash under this arrangement over the life of the Convertible.
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