Eros Announces AGM Results and Grant of Options
NEWS RELEASE
NR: 17-08
September 1, 2017
Eros Announces AGM Results and Grant of Options
Vancouver, BC ( September 1, 2017) Eros Resources Corp. (TSX.V: ERC) (“Eros” or the
Company”) is pleased to announce the results of its Annual General Meeting, held on
August 25, 2017. All of the resolutions presented to the shareholders were approved with
over 9 9% of votes cast being in favour of each resolution (see the SEDAR filing of the
Company’s Information Circular, dated August 4, 2017).
In addition, on August 29 th, 2017, t he Board of Directors granted 1,150,000 incentive stock
options to directors, officers and consultants of the Company, subject to TSX Venture
Exchange approval. The options will have a term o f 5 years, expiring on August 29, 2022.
Each option will allow the holder to purchase one common share in the Company at a price
of $ 0.165. All of the options are subject to vesting , with half vesting immediately and half
vesting one year after granting. Any shares issued on the exercise of these stock options will
be subject to a four month hold period from date of grant.
About Eros
Eros Resources Corp. is a well -financed Canadian public company focused on the
exploration and development of resource proj ects in North America. Eros also holds an
investment portfolio which includes 48 million shares of Skeena Resources Ltd., 4.0 million
shares of Westcore Energy Limited 6.75 million shares of Bullfrog Gold Corporation and a
number of other equity positions in junior exploration companies. Eros also has an interest in
three wells in the F laxcombe oil field in Saskatchewan. Under the agreement, Eros will hold
a 90% interest until its $1.6 million investment is recovered and thereafter will share a 50%
interest with the operator, Westcore Energy Ltd.
On behalf of the Board of Directors of
Eros Resources Corp.,
Ron Stewart
President & CEO
Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute “forward looking information” and
“forward looking statements” within the meaning of applicable Canadian and United States securities legislation,
including, among other things, information with respect to this presentation. These statements and information
are based on facts currently available to the Company and there is no assurance that actual results will meet
management’s expectations. Forward -looking statements and information may be identified by such terms as
“anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “may”, “will”, ”until”, “could” or “would”.
Forward-looking statements and information contained herein are based on certain factors and assumptions
regarding, among other things, the estimation of mineral resou rces and reserves, the realization of resource and
reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and
development, capital and operating costs, the availability of financing, the receipt of regulatory app rovals,
environmental risks, title disputes and other matters. While the Company considers its assumptions to be
reasonable as of the date hereof, forward -looking statements and information are not guarantees of future
performance and readers should not p lace undue importance on such statements as actual events and results
may differ materially from those described herein. The Company does not undertake to update any forward -
looking statements or information except as may be required by applicable securiti es laws.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.