Aeris Resources Limited (ASX: $AIS) Retail Entitlement Offer Completion

Aeris Resources Limited (ASX: $AIS) has successfully concluded the retail component of its 1 for 4.73 pro-rata accelerated non-renounceable entitlement offer, raising approximately $7.7 million at an offer price of $0.11 per new share. Together with the institutional placement and institutional component, the total amount raised is $30.0 million.

Executive Commentary on Retail Entitlement Offer

The successful completion of the retail entitlement offer demonstrates the confidence and support from our eligible retail shareholders. We are pleased with the take-up rate and the overall outcome of the offer, which will contribute to our strategic initiatives and growth plans. The additional funds will further strengthen our position and enable us to pursue our organic growth projects and exploration activities, as well as evaluate potential merger and acquisition opportunities.

Summary of Aeris Resources Announcement

Aeris Resources Limited (ASX: $AIS) has successfully completed its retail entitlement offer, raising a total of $30.0 million with a 28.34% take-up rate from retail shareholders. The allotment of the new shares, including the shortfall shares, is expected to occur on Thursday, 21 December 2023, with trading on the Australian Securities Exchange commencing on Friday, 22 December 2023. Following the allotment, WHSP will have a 31.40% interest in the company. The funds raised will support the company's organic growth projects, exploration program, and potential merger and acquisition opportunities, reinforcing its commitment to building strong partnerships with stakeholders.