Aeris Resources Targets $10M Raise with Share Purchase Plan at $0.45 Per Share
Aeris Resources has launched a Share Purchase Plan offering eligible shareholders in Australia and New Zealand the chance to buy shares at a discounted price, aiming to raise up to $10 million for working capital.
- Share Purchase Plan (SPP) open to eligible shareholders in Australia and New Zealand
- Maximum raise of $10 million through issuance of up to 22.2 million new shares
- Subscription price set at $0.45 per share, a 13.5% discount to recent closing price
- Shareholders can subscribe for parcels ranging from $2,500 to $30,000
- SPP is non-underwritten with potential scale-back if oversubscribed
Aeris Resources Launches Share Purchase Plan
Aeris Resources Limited (ASX, AIS), a mid-tier base and precious metals producer, has officially opened its Share Purchase Plan (SPP) to eligible shareholders in Australia and New Zealand. The offer, announced on 31 October 2025 and now live, provides shareholders the opportunity to acquire new fully paid ordinary shares at a discounted subscription price of $0.45 per share.
The SPP aims to raise up to $10 million by issuing a maximum of 22,222,222 new shares. Shareholders can choose to invest in parcels ranging from $2,500 to $30,000, corresponding to between 5,555 and 66,666 shares. This pricing represents a 13.5% discount to the closing share price on 28 October 2025, reflecting management’s intent to incentivize participation among smaller shareholders.
Strategic Purpose and Terms
The funds raised through the SPP will be directed towards general working capital, supporting Aeris’s ongoing operations and growth initiatives. The company’s portfolio includes two operating assets and multiple development projects, underpinned by an aggressive exploration program and strategic M&A opportunities.
Importantly, the SPP is non-underwritten, meaning there is no guaranteed subscription amount. The Board reserves the right to scale back applications if demand exceeds the $10 million cap, or to accept oversubscriptions within regulatory limits. Shareholders are encouraged to act promptly as the offer may close early at the Board’s discretion.
Participation Details and Timetable
Eligible shareholders are those registered on the Aeris share register as of 7, 00pm Sydney time on 30 October 2025, with addresses in Australia or New Zealand. The offer opened on 6 November 2025 and is scheduled to close at 5, 00pm Sydney time on 2 December 2025. New shares are expected to be issued and quoted on the ASX around 9-10 December 2025.
Applications can be made via BPAY or electronic funds transfer, with no brokerage or transaction fees payable by shareholders. The offer is non-renounceable, so rights to subscribe cannot be transferred.
Market Context and Shareholder Impact
This capital raising initiative signals Aeris’s commitment to strengthening its balance sheet and funding its operational pipeline without resorting to debt or dilutive institutional placements. The discounted offer price and tiered parcel options are designed to encourage participation from retail and smaller shareholders, potentially broadening the company’s shareholder base.
However, as with any equity issuance, there is a risk of share price dilution and market price fluctuations between the offer and issue dates. Investors should weigh these factors carefully and consider seeking professional advice before participating.
Bottom Line?
Aeris’s SPP opens a new chapter in its capital strategy, with shareholder uptake and market reaction set to shape its near-term trajectory.
Questions in the middle?
- Will the SPP reach its $10 million target or face a scale-back?
- How will the share price respond post-issue given the discounted subscription price?
- What specific projects or operational needs will the working capital support?