Aeris Resources secures $30 million equity from institutions; launches $10 million retail rights issue
Aeris Resources Ltd (ASX:AIS) has successfully completed its institutional placement and rights issue to raise a total of about $30 million at 3 cents per share.
The well-supported placement of shares raised about $7.3 million, with several institutions adding to the depth and quality of Aeris share register.
The rights offer (renounceable institutional entitlement offer) raised about $22.7 million and had strong support from existing institutional and sophisticated shareholders.
The entitlement offer shortfall was placed with new institutional and sophisticated investors.
Aeris expects to allot and issue the shares in respect of the placement and entitlement offer (including the institutional shortfall bookbuild) on June 15, with those shares anticipated to commence trading on the ASX on June 16.
Cracow gold mine acquistion[hhmc]
Aeris executive chairman Andre Labuschagne said: “This has been an excellent result.
“Aeris had strong demand from new and existing investors for the institutional component of the entitlement offer and the placement.
“Proceeds of the equity raising will be used to partly fund the cash consideration for the acquisition of Cracow gold mine and associated costs.”
Retail entitlement offer[hhmc]
Aeris has launched a fully-underwritten retail component of the Read More – Source
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