Aeris Resources completes Retail Entitlement Offer

Aeris Resources Limited (ASX: AIS) announced the completion of the retail component of its fully underwritten 1 for 4.22 pro-rata accelerated non-renounceable entitlement offer (Entitlement Offer) of new shares.

Under the Retail Entitlement Offer the Company will raise ~AU$25.6 million via the issue of ~247.4 million, each new share at $0.105.

 Each New Share issued under the Retail Entitlement Offer will rank equally with current AIS shares on issue. New Shares under the Retail Entitlement Offer are likely to be assigned on 23 May 2022 and trading on a normal settlement basis is likely to begin on the ASX the next business day.

Proceeds of the Placement & Entitlement Offer will be used to partially fund payment of the cash consideration for Round Oak Minerals acquisition plus related cost.

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