CALGARY, June 3, 2014 /CNW/ – Artek Exploration Ltd. (“Artek” or the “Corporation”) (TSX: RTK) is pleased to announce the closing of its recently announced bought deal financing for aggregate gross proceeds of approximately $43 million. An aggregate of 8,050,000 common shares of the Corporation were issued at a price of $4.10 per common share and 1,987,000 common shares of the Corporation were issued on a “flow-through” basis within the meaning of the Income Tax Act (Canada) at a price of $5.04 per flow-through common share. The financing was led by Peters & Co. Limited and included Cormark Securities Inc., National Bank Financial Inc., Clarus Securities Inc., GMP Securities L.P., Raymond James Ltd., FirstEnergy Capital Corp. and Dundee Securities Ltd.
SOURCE Artek Exploration Ltd.
For further information: Darryl Metcalfe, President & Chief Executive Officer, (403) 296-4799; Darcy Anderson, Vice-President Finance & Chief Financial Officer, (403) 296-4775