News: AIS Aeris Resources Says It Made An Offer To Acquire CSA Mine From Glencore For About US$575...

March 20 (Reuters) - Aeris Resources Ltd (AIS) :

• HAS MADE AN OFFER TO ACQUIRE CSA MINE FROM GLENCORE
• CURRENT OFFER BY AERIS COMPRISES $US575M IN MIX OF CASH AND AERIS SHARES PLUS A ROYALTY PAYABLE TO GLENCORE
• ACQUISITION TO BE FUNDED THROUGH COMBINATION OF DEBT, EQUITY CAPITAL RAISING AND SILVER STREAM
• FUNDING THROUGH COMBINATION OF DEBT BETWEEN US$250M AND US$300M AND EQUITY CAPITAL RAISING BETWEEN US$185M AND US$240M
• FUNDING ALSO COMPRISES OF A SILVER STREAM OF BETWEEN US$35 MILLION TO US$40 MILLION
• EQUITY COMPONENT OF RAISING IS BEING MANAGED BY RBC CAPITAL MARKETS AND MACQUARIE CAPITAL

Source text: bit.ly/2HwsbF6

(([email protected];))