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Aeris Resources Limited (ASX:AIS)

ALERT: Price-sensitive ASX Announcement for AIS
Current share price for AIS : $0.393 -0.148 (-27.31%)+
Announcement
Release
19 Dec 2025 9:17AM
Price at Release
$0.540
Full Release
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Summary
Aeris Resources Limited announced the results of an oversubscribed Share Purchase Plan (SPP) that aimed to raise $10 million but received applications totaling over $21.6 million from 1,287 shareholders. The company decided to accept all valid applications without scaling back, resulting in the issuance of 47,968,834 new shares at $0.45 per share. The new shares are expected to be issued on 23 December 2025, with funds from the SPP allocated to general working capital. This move reflects Aeris' strategy to leverage shareholder support to enhance its financial position.
Key Points
  • Share Purchase Plan targeted $10 million but received over $21.6 million.
  • All valid applications were accepted without scale-back.
  • 47,968,834 new shares to be issued at $0.45 per share.
  • Proceeds to be used for general working capital.
  • SPP closed on 16 December 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.