logo-loader

Aeris Resources gains new substantial holder in Melbourne-based SG Hiscock & Company

Published: 00:29 19 Jun 2020 EDT

Aeris Resources Ltd - Aeris Resources gains new substantial holder in Melbourne-based SG Hiscok & Company
Aeris Resources is an established copper mining and exploration company

Aeris Resources Ltd (ASX:AIS) has gained a new substantial holder in SG Hiscock & Company after the investor took part in the company's recent institutional placement.

The Melbourne-based equities and property securities company acquired 100 million shares at 3 cents a share on June 12 and now holds a 6.49% stake in the company.

$30 million equity raising

On June 9, the company 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.

A complementary 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 expected 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 begin trading on the ASX on June 16.

Novo Resources sees substantial upside potential at Nunyerry

Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) co-chair and acting CEO Mike Spreadborough joins Jonathan Jackson in the Proactive studio to discuss promising gold outcomes from recent reanalysis of drill intercepts in a 2023 program at Nunyerry North in Western Australia. Using advanced...

8 hours, 14 minutes ago