Feb 28 (Reuters) - Aeris Resources Ltd AIS.AX :
* SPECIAL PORTFOLIO OPPORTUNITY V LTD & CO ENTERED INTO AGREEMENT TO REDUCE CO'S SENIOR DEBT FROM US$63.3 MILLION TO US$30 MILLION
* SPOV TO CONVERT ITS 140 MILLION CONVERTIBLE PREFERENCE SHARES TO ORDINARY SHARES & BECOME AERIS' MAJOR SHAREHOLDER WITH SHAREHOLDING OF 50%