COMPLETION OF PLACEMENT AND INSTITUTIONAL COMPONENT
Released
Released
Announcement PDF
29 November 2023
ASX/MEDIA RELEASE
SUCCESSFUL COMPLETION OF PLACEMENT AND INSTITUTIONAL
ENTITLEMENT OFFER
• Successful completion of fully underwritten $22.4 million
Placement and Institutional Entitlement Offer at $0.11 per New
Share
• Approximately $13.9 million raised through the Placement and a
further $8.5 million raised through the Institutional Entitlement Offer
• Well supported by existing Eligible Institutional Shareholders, with
take up of approximately 99% under the Institutional Entitlement
Offer
• Retail Entitlement Offer to raise approximately $7.7 million
• Retail Entitlement Offer opens on Friday, 1 December 2023 and
closes at 5:00pm (Sydney time) on 14 December 2023
• Proceeds of the Placement and Entitlement Offer will be used for
general working capital and to pay the costs of the Capital Raising
Aeris Resources Limited (ASX: AIS) (Aeris or the Company) is pleased to announce
the successful completion of the placement and institutional component
(Institutional Entitlement Offer) of its 1 for 4.73 pro-rata accelerated nonrenounceable entitlement offer (Entitlement Offer) of new shares (New Shares),
which was announced on Monday, 27 November 2023. The Placement raised
approximately $13.9 million through the issue of approximately 126.2 million New
Shares and the Institutional Entitlement Offer raised approximately $8.5 million
through the issue of approximately 77.1 million New Shares, in each case at $0.11
per New Share (Offer Price).
Aeris Resources Limited ABN 30 147 131 977
Level 6, 120 Edward Street, Brisbane, 4000
E: info@aerisresources.com.au T: +61 7 3034 6200 F: +61 7 3034 6290
aerisresources.com.au
ABN 30 147 131 977
ABN 30 147 131 | Page1 977
The Placement and the Institutional Entitlement Offer were well supported, with
existing eligible institutional shareholders taking up approximately 99% of their
entitlements under the Institutional Entitlement Offer.
Each New Share issued under the Placement and the Institutional Entitlement Offer
will rank equally with existing Aeris shares on issue. New Shares under the Placement
and the Institutional Entitlement Offer are expected to settle on Friday, 1 December
2023 and trading on a normal settlement basis is expected to commence on the
ASX the next business day.
Aeris expects its trading halt to be lifted and Aeris shares to recommence trading
from market open today (Wednesday, 29 November 2023).
Retail Entitlement Offer
Eligible retail shareholders will be invited to participate in the retail component of
the Entitlement Offer (Retail Entitlement Offer) at the same Offer Price as under the
Placement and the Institutional Entitlement Offer and the same offer ratio as under
the Institutional Entitlement Offer. The Retail Entitlement Offer is expected to raise
$7.7 million.
The Retail Entitlement Offer is expected to open on Friday, 1 December 2023 and
close at 5:00pm (Sydney time) on Thursday, 14 December 2023 (Retail Offer Period).
Further details about the Retail Entitlement Offer will be set out in an information
booklet (Retail Offer Booklet), which Aeris will announce on the ASX on Friday, 1
December 2023. The Retail Offer Booklet and accompanying Entitlement and
Acceptance Form are expected to be made available to eligible retail
shareholders on the same day. Eligible retail shareholders should carefully read the
Retail Offer Booklet and accompanying Entitlement and Acceptance Form.
Eligible retail shareholders with registered addresses in Australia or New Zealand and
who hold Aeris shares on the record date of 7:00pm (Sydney time) on Wednesday,
29 November 2023 will have the opportunity to apply for New Shares at the Offer
Price under the Retail Entitlement Offer. In addition, eligible retail shareholders who
take-up all of their entitlement may also apply for additional New Shares in excess
of their entitlement (Shortfall Election). There is no cap on the amount of additional
New Shares that eligible retail shareholders can apply to take-up through their
Shortfall Election. Eligible retail shareholders are not assured of being allocated any
New Shares in excess of their entitlement, which will be allocated in accordance
with the allocation policy outlined in the Retail Offer Booklet.
You should seek appropriate professional advice before making any investment
decision. If you have any questions about the Retail Entitlement Offer, please
contact the Share Registry of Aeris, Automic Pty Ltd, on 1300 288 664 (within
Australia) or +61 2 9698 5414 (outside Australia) between 9:00am and 5:00pm
(Sydney time) during the Retail Offer Period.
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This announcement is authorised for lodgement by:
Andre Labuschagne
Executive Chairman
ENDS
For further information, please contact:
Andre Labuschagne
Executive Chairman
Tel: +61 7 3034 6200
Stefan Edelman
General Manager – Corporate Development
investorrelations@aerisresources.com.au
or visit our website at www.aerisresources.com.au
All dollar amounts are in Australian dollars unless otherwise indicated.
This announcement may contain certain statements and projections provided by or on behalf of
Aeris Resources Limited with respect to the anticipated future undertakings. These forward-looking
statements reflect various assumptions by or on behalf of Aeris.
Accordingly, these statements are subject to significant business, economic and competitive
uncertainties and contingencies associated with the mining industry which may be beyond the
control of Aeris which could cause actual results or trends to differ materially, including but not limited
to price and currency fluctuations, geotechnical factors, drilling and production results,
development progress, operating results, reserve estimates, legislative, fiscal and regulatory
developments, economic and financial market conditions in various countries, approvals and cost
estimates, environmental risks, ability to meet funding requirements, share price volatility.
Accordingly, there can be no assurance that such statements and projections will be realised. Aeris
makes no representations as to the accuracy or completeness of any such statement of projections
or that any forecasts will be achieved.
Additionally, Aeris makes no representation or warranty, express or implied, in relation to, and no
responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by
Aeris or by any of their respective officers, directors, shareholders, partners, employees, or advisers
as to or in relation to the accuracy or completeness of the information, statements, opinions or
matters (express or implied) arising out of, contained in or derived from this announcement or any
omission from this announcement or of any other written or oral information or opinions provided now
or in the future to any interested party or its advisers. In furnishing this announcement, Aeris
undertakes no obligation to provide any additional or updated information whether as a result of
new information, future events or results or otherwise.
Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to
buy or sell securities. It does not include all available information and should not be used in isolation
as a basis to invest in Aeris.
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Not an offer in the United States
This announcement has been prepared for publication in Australia and may not be released to US
wire services or distributed in the United States. This announcement does not constitute an offer to
sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any
securities described in this announcement have not been, and will not be, registered under the US
Securities Act of 1933 and may not be offered or sold in the United States except in transactions
exempt from, or not subject to, the registration of the US Securities Act and applicable US state
securities laws.
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