Aeris settles Yandan sale

Copper and gold miner Aeris Resources (ASX: AIS) today announced the completion of the sale of the Yandan gold exploration project, in Queensland, to fellow listed GBM Resources. Under the terms of the sales agreement, GBM has now paid Aeris A$3-million worth of its own shares, priced at 13.5c each, with a 1.5% net smelter royalty also payable on the first 300 000 oz of gold equivalent mined from the tenement area.