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"Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada... see more

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Spur Ventures Inc > Artemis Gold Inc

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Post by Sadaharu on Jul 25, 2019 9:10pm

Artemis Gold Inc

Post buyout, we received cash and shares of Artemis Gold Inc. Can anyone enlighten me about what these represent and what possible value they may have?

Thanks!

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Comment by nilyab on Jul 26, 2019 6:09am

Seems like the stock code is ARTTF on the American "Pink Sheets" exchange, also traded in Australia on the "AX" exchange. In Canadian dollars, the price seems to be around 3.4 cents per share.

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Comment by nilyab on Jul 27, 2019 7:14am

Correction: I have just been told that the stock on the OTC Pink Sheet and the Australian Exchange is NOT Artemis Gold. Apparently Artemis Gold will appear soon on the Canadian exchange, and it may be that it's price is about $1 per share (I may be wrong on that). I should have more accurate news in a while.

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Comment by Quailman on Jul 27, 2019 12:54pm

242000000 shares AGB/20 = 12100000 shares Artemis issued. Artemis owns 18600000 shares of VLC@$0.48. $8,928,000/242,000,000 = 0.0369 x 20 = $0.74 per share There was also a loan deal with VLC that would allow repayment in shares at $0.25 and 93 million warrants good for 3 years @ $0.25. Not sure of the loan deal but those warrants are in the money with 30 months left. I would say Artemis is ...more

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