IMPLEMENTATION OF SCHEME
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| Stock | Aeris Resources Ltd (AIS.ASX) |
|---|---|
| Release Time | 1 Jul 2026, 10:14 a.m. |
| Price Sensitive | Yes |
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Aeris Resources Completes Acquisition of Peel Mining
Key Points
- Acquisition of Peel Mining completed today
- All Peel shares transferred to Aeris
- New Aeris shares issued to Peel shareholders
- Sale of shares to ineligible shareholders initiated
Full Summary
Australian mid-tier copper and gold producer, Aeris Resources Limited, has successfully implemented the scheme of arrangement to acquire 100% of Peel Mining Limited. All Peel shares have been transferred to Aeris, and new Aeris shares have been issued to eligible Peel shareholders. Ineligible Foreign Shareholders and Non-electing Small Shareholders will have their shares sold by a sale agent, with proceeds distributed accordingly.
Outlook
The acquisition is expected to strengthen Aeris' Tritton Copper Operations and support long-term growth, creating value for all shareholders.
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