Artemis Resources Limited (ASX:ARV) announced a private placement of 22,500,000 common shares at a price of AUD 0.20 per share for gross proceeds of AUD 4,500,000 on January 30, 2018. The company will also issue 5,625,000 free-attaching options exercisable at AUD 0.25 each, and expiring 12 months from the date of issue.