TSXV: ARTG
VANCOUVER, BC, Feb. 26,
2024 /CNW/ - Artemis Gold Inc. (TSXV: ARTG) ("Artemis
Gold" or the "Company") announces that the board of directors of
the Company has approved the grant of an aggregate of 2,413,500
incentive stock options (the "Options"), 503,500 restricted share
units ("RSUs") and 33,000 deferred share units ('DSUs") pursuant to
the Company's Omnibus Incentive Plan, to directors, officers and
employees of the Company. The Options are exercisable at a price of
$7.22 per share (based on the closing
price on February 23, 2024) and will
expire five years from the grant date.
The Options, RSUs and DSUs collectively represent the Company's
annual grant of long-term incentives consistent with the Company's
regular annual compensation cycle. The grant date had been deferred
until February 23, 2024, in
accordance with the Company's Insider Trading Policy, its Corporate
Disclosure Policy, as well as with securities regulations.
About Artemis Gold
Artemis Gold is a well-financed, growth-oriented gold
development company with a strong financial capacity aimed at
creating shareholder value through the identification, acquisition,
and development of gold properties in mining-friendly
jurisdictions. The company's current focus is the construction of
the Blackwater Mine project in central British Columbia approximately 160km southwest
of Prince George and 450km
northeast of Vancouver. The
project is one of the largest capital investments in the
Bulkley-Nechako, Fraser-Fort George
and Cariboo regions of B.C. in the last decade. The first pour of
gold and silver from Blackwater Mine is expected in H2 2024.
Artemis Gold trades on the TSX-V under the symbol ARTG. For more
information visit www.artemisgoldinc.com.
On behalf of the Board of Directors
Steven Dean
Chairman and Chief Executive Officer
+1 604 558 1107
For further information
Investor Relations contact:
Meg Brown
Vice President, Investor Relations
+1 778 899 0518
Media relations contact
media@artemisgoldinc.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Artemis Gold Inc.
