Artemis Resources Limited (ASX:ARV) announced a private placement of 60,000,000 common shares at a price of AUD 0.20 per share for gross proceeds of AUD 12,000,000 on September 19, 2017. The transaction will involve participation from affiliates and clients of Sprott Capital Partners for AUD 4,000,000, Octagonal Plc (AIM:OCT) for AUD 3,000,000 and a number of other institutional and professional investors from the USA, Netherlands and Australia.