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Peel Mining Says Aeris Resources Takeover Deal Now Legally Effective

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Peel Mining (ASX:PEX) said Aeris Resources' (ASX:AIS) deal to acquire the company is now legally effective as court orders approving the scheme have been lodged with the Australian Securities and Investments Commission, according to a Monday filing with the Australian bourse.

The transaction is expected to be implemented on July 1, and Peel Mining's shares will likely be suspended on the ASX from the close of trading on Monday, per the filing.

Shares of Aeris Resources gained nearly 2% in recent Monday trade.

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