04:28 PM EST - Artek Exploration Ltd. : announced that it has entered into an agreement with a syndicate of underwriters led by Peters & Co. Limited and including Cormark Securities Inc., National Bank Financial Inc., Clarus Securities Inc., GMP Securities L.P., Raymond James Ltd., FirstEnergy Capital Corp. and Dundee Securities Ltd. , pursuant to which the Underwriters have agreed to purchase, on a bought deal basis 7,318,000 common shares at a price of $4.10 per Common Share and 1,590,000 common shares to be issued on a flow-through basis in respect of Canadian exploration expenses at a price of $5.04 per Flow-Through Share, for aggregate gross proceeds to the Corporation of approximately $38 million. Artek Exploration Ltd.
shares T.RTK are trading down $0.06 at $4.21.
