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Aeris Resources Limited (ASX:AIS)

ALERT: Price-sensitive ASX Announcement for AIS
Current share price for AIS : $0.425 0.053 (14.09%)+
Announcement
Release
1 Jul 2026 10:14AM
Price at Release
$0.373
Full Release
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Summary
Aeris Resources Limited (ASX: AIS), an Australian mid-tier copper and gold producer, announced the successful implementation of a scheme of arrangement for the acquisition of Peel Mining Limited. As part of this acquisition, all Peel shares have been transferred to Aeris, and new Aeris shares were issued to Peel shareholders at a rate of 0.3363 Aeris shares for every Peel share. Ineligible Foreign Shareholders and Non-electing Small Shareholders have had their shares sold by an appointed sale agent, with the proceeds to be distributed accordingly. The Executive Chairman of Aeris, Andre Labuschagne, highlighted the acquisition as a significant milestone for Aeris, enhancing the Tritton Copper Operations and supporting long-term growth. The announcement was authorized by Andre Labuschagne and includes contact information for investor inquiries.
Key Points
  • Aeris completed acquisition of Peel Mining Limited.
  • Implementation of scheme of arrangement for 100% share transfer.
  • New Aeris shares issued at a ratio of 0.3363 for each Peel share.
  • Shares sold for Ineligible Foreign and Non-electing Small Shareholders.
  • Executive Chairman Andre Labuschagne emphasized the acquisition's significance.
  • Supports Tritton Copper Operations and long-term growth for Aeris.
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.