HopgoodGanim Lawyers is pleased to have advised Aeris Resources Limited (ASX: AIS) on its successful A$214 million acquisition of Peel Mining Limited (ASX: PEX) by way of a scheme of arrangement (Scheme).
The transaction represents a significant strategic milestone for Aeris, strengthening its position as a leading Australian mid-tier copper and gold producer. Through the acquisition, Aeris has acquired 100% of the issued shares in Peel, securing Peel's South Cobar Copper Project, including the Mallee Bull and Wirlong copper deposits.
The transaction was implemented through a scheme of arrangement and followed a broader restructuring that enabled Peel shareholders to retain exposure to Peel's remaining exploration assets through a separate demerger, while participating in the future growth of Aeris.
The HopgoodGanim team comprised practitioners across our Corporate and M&A, Resources and Energy, and Litigation teams. The transaction team was led by Corporate and M&A Partner Luke Dawson, with Special Counsel Richard Hanel, Associate Declan Stack and Solicitor Nick Lahey providing further legal expertise.
Aeris was also supported by Jefferies Australia, who acted as financial adviser.
“We are proud to have worked closely with one of our valued and long-standing clients on this transformative acquisition. The successful implementation of the Scheme reflects the significant work undertaken by the Aeris team and we are pleased to have played a role in achieving a great outcome”, said Luke Dawson.