Beedie Investments Limited Early Warning Press Release Regarding Investment in Artemis Gold Inc.
Summary
BURNABY, BC, June 9, 2020 /CNW/ - In connection with the recently-announced acquisition (the "Acquisition") by Artemis Gold Inc. (the "Company") of the Blackwater Gold Project in central British Columbia from New Gold Inc. ("New Gold"), Ryan Beedie and Beedie Holdings Limited, an entity controlled by Mr. Beedie ("Beedie Holdings"), have committed to provide up to C$120 million toward the initial payment of C$140 million to be made by the Company to New Gold at the closing of the Acquisition (the "Closing"), to the extent such funds are not otherwise obtained by the Company through a planned equity financing (the "Financing") to be completed prior to the Closing. Assuming the exercise in full of the Warrants and the Options, Beedie Investments and Mr. Beedie are collectively deemed to beneficially own a total of 25,589,884 Common Shares, representing approximately 43.0% of the issued and outstanding Common Shares after giving effect to such exercises. Beedie Investments and Mr. Beedie acquired their Common Shares, Warrants and Options for investment purposes, and review their holdings in the Company on a continuing basis and may from time to time and at any time, in their sole discretion, acquire or cause to be acquired additional equity or debt securities or other instruments of the Company, or dispose or cause to be disposed such equity or debt securities or instruments, through open market transactions, private placements by the Company and other privately negotiated transactions, or otherwise, in each case in accordance with applicable securities laws. A copy of the early warning report relating to the announcement of the Acquisition will be available under the Companys profile on SEDAR, and may also be obtained by contacting Beedie Investments at (604) 435-3321. Neither 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 news release.