Aeris Resources announces settlement of placement and institutional offer

Company News

by Anna Napoli

Copper producer, Aeris Resources (ASX:AIS) has announced the settlement of its placement and institutional offer.

The offer raised a total of $28.4 million at a price of 20 cents per share.

The company's largest shareholder, Special Portfolio Opportunity V (SPOV) agreed to subscribe for $7 million of new shares.

The retail component of the offer, which seeks to raise around $6.7 million opened last Friday and will close on the 9th of October.

Shares in Aeris Resources (ASX:AIS) are trading flat at 21 cents

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.