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8 stories mentioning ASX:PEXUpdated 31d ago

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Asia

Aeris Resources' Acquisition of Peel Mining Implemented

Aeris Resources' (ASX:AIS) deal to acquire Peel Mining (ASX:PEX) has been implemented, according to a Wednesday filing with the Australian bourse.Eligible Peel shareholders as of June 24 received consideration of 0.3363 Aeris shares for every Peel share held.Peel Mining will seek its removal from the official list of the ASX at the close of trade on July 2 or as soon as practicable, per the filing.Aeris Resources shares fell 3% in recent Wednesday trade.

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Asia

Peel Mining Implements Spectre Metals Demerger

Peel Mining (ASX:PEX) implemented the demerger of Spectre Metals from the firm via a capital reduction and pro rata in-specie distribution of Spectre shares to Peel shareholders, according to a Tuesday Australian bourse filing.The demerger distribution of Spectre shares was in the ratio of one Spectre share for every 4.4591 Peel shares held as of June 24, and was transferred to Peel shareholders or to the demerger sale agent.The scheme of arrangement, in which Aeris Resources (ASX:AIS) will acquire all of Peel shares on issue, is expected to be implemented on Wednesday.

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Asia

Peel Mining Says Aeris Resources Takeover Deal Now Legally Effective

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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Asia

Peel Mining Secures Supreme Court Approval for Aeris Resources Takeover Scheme

Peel Mining (ASX:PEX) received approval from the Supreme Court of New South Wales for its scheme of arrangement, under which Aeris Resources (ASX:AIS) will acquire 100% of the company's issued shares, according to a Friday filing with the Australian bourse.The court orders will be lodged with Australian Securities and Investments Commission on June 22, at which point the scheme will become legally effective, per the filing.The company said shareholders registered as of June 24 will receive the scheme consideration and a demerger distribution, the filing said.The company's shares are expected to be suspended from trading at the close of June 22, with the cash or share consideration under the scheme anticipated to be paid on July 1, the filing added.Peel Mining and Aeris Resources both fell 2% in Friday trading.

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Asia

Peel Mining Says Shareholders Vote in Favor of Aeris Acquisition, Spectre Metals Demerger

Peel Mining (ASX:PEX) said its shareholders voted in favor of a proposed scheme of arrangement under which Aeris Resources (ASX:AIS) will acquire 100% of the issued shares in Peel, and the demerger of Spectre Metals from Peel via a capital reduction and pro rata in-specie distribution of 100% of the shares in Spectre to Peel shareholders, according to a Monday Australian bourse filing.The company said almost 100% of the votes cast by Peel shareholders were in favor of the scheme resolution.The scheme remains subject to the approval of the Supreme Court of New South Wales and certain other conditions.Peel Mining's shares jumped 3% in recent Monday trade, while Aeris Resources' shares surged past 9%.

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Asia

Peel Mining Says Court Approves Shareholder Meeting for Planned Acquisition by Aeris Resources; Aeris Resources Shares Fall 5%

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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Asia

Peel Mining Secures New South Wales Exploration License; Shares Up 7%

Peel Mining (ASX:PEX) secured exploration license EL9887, covering the newly identified Thunderstruck prospect in New South Wales, according to a Tuesday filing with the Australian bourse.The prospect was identified during a review of open-file geological data within the Cobar Basin, the filing said.The company is now aiming to fast-track drilling to test the target, subject to regulatory approval, per the filing.Shares rose 7% in morning trade on Tuesday.

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Asia

Peel Mining Says Drilling at New South Wales Target Returns Broad Silver-Zinc-Lead Intercepts; Shares Up 3%

Peel Mining (ASX:PEX) said assays from recent reverse circulation drilling completed at the Link Zone South target at the Southern Nights Complex in New South Wales returned multiple broad, high-grade silver-zinc-lead intercepts, confirming the continuity of mineralization, according to a Thursday Australian bourse filing.The company encountered intercepts of 24 meters at 138 grams per tonne (g/t) grade of silver, 5.7% grade of zinc, 3.3% grade of lead, 0.6 g/t grade of gold, and 0.2% grade of copper from 141 meters, as well as 9 meters at 202 g/t grade of silver, 5.4% grade of zinc, 3.1% grade of lead, 0.1 g/t grade of gold, and 0.1% grade of copper from 129 meters.A recently completed deep diamond drill‑hole at the main Link Zone intersected visually significant sulfide mineralization beyond the current mineral resource envelope.Peel Mining's shares rose 3% in recent Thursday trade.

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