Artek Exploration Ltd. announces closing of bought deal equity financing

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./

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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Artek in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered have not been and will not be registered under the United States Securities Act of 1933, as  amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. Person absent registration or an applicable exemption from the registration requirements of such Act or laws.

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

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www.artekexploration.com

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Artek Exploration Ltd.

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