Artemis Gold Inc V.ARTG

Alternate Symbol(s): ARGTF

Metals & Mining Gold

Artemis Gold Inc. is a Canada-based gold development company. The Company is engaged in identifying, acquiring, and developing gold projects in mining-friendly jurisdictions. The Company operates through a single segment: the exploration and development of mineral properties. The Company is focused on the development of the Blackwater Gold Project (Blackwater Project) in central British Columbia. The Project is situated in central British Columbia, approximately 160 kilometers (km) southwest of Prince George and 446 km northeast of Vancouver. The Company has 100% interest in 328 mineral claims covering an area of 148,688 hectares (ha) distributed among the Property and the Capoose, Auro, Key, Parlane and RJK claim blocks. The Company also holds interest in Velocity Minerals Ltd.

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Artemis Gold Inc > Tons of Warrants

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Post by AlwaysLong683on Mar 10, 2023 7:09pm

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Post# 35332003

Tons of Warrants

While taking a look at ARTG's ARTG's stock information web page, I noticed:

193M shares outstanding

30M outstanding warrants at at average strike price of 1.08

I don't like to see warrants represent more than 10% of total shares currently outstanding.

ARTG's warrants equal 16% of total shares outstanding and the average strike price of 1.08 makes these warrants exremely dilutive to existing shareholders who may have purchased shares at a price much higher than 1.08.

The 10M options are very reasonable and understandable given they are often given as an added monetary incentive to Board or Management members, but the warrants (typically handed out to investors when doing equity raises) are way overboard IMO.

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