Aeris Resources says discussions with Glencore regarding the proposed acquisition of the CSA mine are continuing, but no concluded agreement or funding structure has been reached as of yet. Aeris notes there is no guarantee that the potential acquisition will proceed.
Aeris Resources Limited (Aeris or Company) refers to its announcement to ASX of 20 March 2019 concerning its previous offer for the CSA mine.
The Company advises that discussions with Glencore regarding the proposed acquisition are continuing, however no concluded agreement has yet been reached on the transaction, nor on the funding structure.
As previously noted to the market, whilst Aeris provides this information to ensure that Aeris shareholders are informed as to the current status of discussions around the offer, it is important to note that there is no guarantee that the potential acquisition will proceed.
Additionally, in the event that a formal agreement for the potential acquisition is entered into, it will likely be subject to a number of conditions including required shareholder approval. The Company will update the market if and when any formal agreement is entered into in relation to the proposed acquisition.