Peel Shareholders vote in favour of Scheme and Demerger

• 99.99% of Peel shareholders voted in favor of the scheme of arrangement
• 99.99% of Peel shareholders voted in favor of the demerger of Spectre Metals Limited
• The scheme and demerger are subject to court approval and other conditions

Peel Mining Limited (ASX: PEX) announced that its shareholders have voted in favor of the proposed scheme of arrangement, under which Aeris Resources Limited (ASX: AIS) will acquire 100% of Peel. Additionally, shareholders approved the demerger of Spectre Metals Limited from Peel. The scheme and demerger are subject to the approval of the Supreme Court of New South Wales and satisfaction of other conditions. If approved, the scheme will become effective, and the demerger will be implemented.