May 11, 2018 / 4:23 AM / 7 months ago

BUZZ-Australia's Artemis Resources rises on deal to sell Novo Resources shares

** Gold-cobalt developer Artemis Resources Ltd rises as much as 5.3 pct to A$0.20, its highest since May 4

** Artemis signs agreement to sell 4 mln Novo Resources Corp shares to Canadian mining co Kirkland Lake Gold Ltd for gross proceeds of A$20.7 mln ($15.6 mln)

** Last year, Artemis and Novo Resources signed a JV agreement to fast track new gold discovery in Karratha, Western Australia

** Kirkland has a 16.4 pct stake in Novo Resources, according to Thomson Reuters Eikon data

** Artemis stock posts biggest intraday pct gain in a week

** More than 2.3 mln shares change hands, compared with the 30-day average of 1.5 mln shares ($1 = 1.3278 Australian dollars)

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