IMPALA AUTO: Artemis Gold Closes $385 Million Project Loan Financing and $40 Million Standby Cost Overrun Facility

Rabu, 01 Maret 2023

Artemis Gold Closes $385 Million Project Loan Financing and $40 Million Standby Cost Overrun Facility

Media Release

ARTEMIS GOLD CLOSES $385 MILLION PROJECT LOAN FINANCING AND

$40 MILLION STANDBY COST OVERRUN FACILITY

All figures presented in Canadian Dollars, unless specified otherwise

Vancouver, British Columbia, March 1, 2023 – Artemis Gold Inc. (TSX-V: ARTG) ("Artemis" or the "Company") is pleased to announce that on February 28, 2023 it executed definitive documents for a syndicated project facility with National Bank of Canada (“National Bank”), Macquarie Bank Limited (“Macquarie”) , ING Capital LLC (“ING”), Société Générale (“SocGen”) and Bank of Montreal (“BMO”) (collectively, the “Lenders”) in respect of its previously announced $385 million Project Loan Facility (“PLF”) to fund a significant component of the estimated construction costs of the Company’s Blackwater Gold Project (“Blackwater”, or the “Project”) in central British Columbia.