Peel Mining Says Court Approves Shareholder Meeting for Planned Acquisition by Aeris Resources; Aeris Resources Shares Fall 5%
MT Newswires Live
May 05
Peel Mining (ASX:PEX) said the Supreme Court of New South Wales made orders that it convene a meeting of Peel shareholders to consider and vote on a scheme of arrangement under which Aeris Resources (ASX:AIS) plans to acquire the company, according to a Tuesday Australian bourse filing.
The court also approved the distribution of an explanatory statement providing information about the scheme. The meeting will be held on June 15.
Shares of Aeris Resources fell past 5% in recent trading on Tuesday, while Peel Mining's shares jumped almost 4%.
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