Artek Exploration Ltd. (Toronto: RTK) has entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc. and including Cormark Securities Inc., Peters & Co. Ltd., Stifel Nicolaus Canada Inc. and FirstEnergy Capital Corp., pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 4.5 million common shares at a price of $2.85 per share and 3.18 million common shares on a flow-through basis at a price of $3.45 per share for aggregate gross proceeds of approximately C$24 million.

Proceeds of the ...