Mining
Rachel Middleton
08:48 Thu 14 Jan 2021
Investor deep dive
Aeris on steady copper-gold growth pathway as it transitions to next phase of development at Tritton and new Cracow project
read more >
viewAeris Resources Ltd
Aeris Resources completes sale of Yandan Gold Project to GBM Resources for $3 million in shares and NSR
Aeris will receive $3 million in GBM shares and a 1.5% NSR on the first 300,000 ounces of gold equivalent mined from the Yandan tenements.
https://static1.*.com.au/thumbs/upload/News/Image/2021_01/672z311_1610574721_nugget-gold-and-dollar-bills%2C-business-concept.jpg
Following the issue of the shares, Aeris will hold around 29.6 million shares in GBM, a shareholding of 6.85%
Aeris Resources Ltd (ASX:AIS) has completed the sale of the Yandan Gold Exploration Project to GBM Resources Limited (ASX:GBZ) (FRA:36G).
As consideration for the sale of Yandan, Aeris will receive $3 million in GBM shares at $0.135 per share and a 1.5% Net Smelter Royalty (NSR) on the first 300,000 ounces of gold equivalent mined from the Yandan tenements.
Maintain exposure to Drummond Basin
Aeris executive chairman, Andre Labuschagne said: “Taking an equity position in GBM in exchange for Yandan enables Aeris to maintain an exposure to the highly prospective Drummond Basin while we concentrate on our core producing assets.”
To hold 6.85% in GBM
The company has also subscribed for a placement of $1 million worth of shares in GBM at $0.135 per share.
Following the issue of the shares, Aeris, a copper and gold producer, will hold around 29.6 million shares in GBM, a shareholding of 6.85%.
Quick facts: Aeris Resources Ltd
Price: 0.11 AUD
ASX:AIS
Market: ASX
Market Cap: $208.67 m
Follow
Aug '20Sep '20Oct '20Nov '20Dec '20Jan '210.050.10.15080MZoom1m3m6m1yFromJul 14, 2020ToJan 14, 2021Highcharts.com
View company profile
Add related topics to MyProactive
Small caps Aeris Resources LtdGeneral mining & base metals Gold & silverGBM Resources
Sign up for Newsletter
Create your account: sign up and get ahead on news and events
NO INVESTMENT ADVICE
Proactive Investors Australia Pty Ltd ACN 132 787 654 (the Company, we or us) provides you with access to the content set out above, including any news, quotes, information, data, text, reports, ratings, opinions,...
FOR OUR FULL DISCLAIMER CLICK HERE
Deep dive
https://static1.*.com.au/thumbs/upload/News/Image/2020_12/256z130_1606881778_2020-12-02-15-02-58_bf824c8896438c591ae8d07b4eae6a51.jpg
Aeris on steady copper-gold growth pathway as it transitions to next...
AIS - EW Chart, page-35
-
- There are more pages in this discussion • 2,018 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AIS (ASX) to my watchlist
|
|||||
Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $203.1M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 21.0¢ | $33.65K | 160.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 583351 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 105949 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 583351 | 0.210 |
14 | 745653 | 0.205 |
23 | 1070418 | 0.200 |
5 | 374747 | 0.195 |
12 | 642339 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 105949 | 5 |
0.220 | 222993 | 5 |
0.225 | 172461 | 6 |
0.230 | 117833 | 4 |
0.235 | 38215 | 6 |
Last trade - 10.00am 01/07/2024 (20 minute delay) ? |
Featured News
AIS (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online