Eros Resources Announces Non-Brokered Private Placement Financing
Suite 1030 – 505 Burrard Street, Vancouver, BC, Canada, V7X 1M5
March 21st, 2025
NEWS RELEASE
Eros Resources Announces Non-Brokered Private Placement Financing
Not for distribution to United States newswire services or for release publication, distribution or
dissemination directly, or indirectly, in whole or in part, in or into the United States.
Vancouver, BC, March 21st, 2025 – Eros Resources Corp. (TSXV:ROCK) (OTCQB:EROSF)
(“Eros” or the “Company”) is pleased to announce a non-brokered private placement financing
of up to 36,000,000 units at a price of $0.05 per unit (the “Units”) for gross proceeds of $1,800,000
(the “Offering”). The financing is now fully subscribed for and the Company plans to close shortly.
Each Unit will consist of one common share and one transferrable common share purchase
warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional
common share in the capital of the Company at $0.075 per share for three (3) years from the date
of issue, subject to accelerated expiry.
In the event that, after the date that is four months from the date of issue of the Warrants, if the
closing price of the Company's common shares on the TSX Venture Exchange (the “TSXV”) or
any other stock exchange on which the Company's common shares are then listed, is at a price
equal to or greater than $0.10 for a period of ten (10) consecutive trading days, the Company will
have the right to accelerate the expiry date of the Warrants by issuing a press release announcing
that the Warrants will expire a t 5:00 p.m. (Vancouver time) on the date that is not less than 30
days from the date notice is given.
The Company recently announced the completion of a three -way amalgamation between Eros
Resources, MAS Gold and Rockridge Resources. The com bined company will own significant
gold and copper exploration projects in Saskatchewan. The use of proceeds from the Offering will
be used for general working capital and exploration in Saskatchewan.
This financing is subject to regulatory approval , including the approval of the TSXV. The
Company may pay finders fees in accordance with the policies of the TSXV. All securities to be
issued pursuant to the Offering are subject to a four-month hold period under applicable Canadian
securities laws.
About Eros Resources Corp.:
Eros Resources Corp. is a Canadian public mineral exploration company listed on the TSXV
focused on the acquisition, exploration and development of mineral resources properties in
Canada and advancing its copper and gold exploration projects in Saskatchewan, including two
2
gold Projects in the prospective La Ronge Gold Belt totaling 35,176 hectares (86,921 acres), as
well as the 100% owned Knife Lake Project.
For further information, please contact:
Eros Resources Corp.:
Jonathan Wiesblatt, Chief Executive Officer
Telephone: 647-203-9190
Email: [email protected]
For further information contact myself or:
Jordan Trimble, President or
Andrew Ramcharan, Corporate Communications
Eros Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws, and accordingly,
may not be offered or sold within the United States except in compliance with the registration
requirements of the 1933 Act and applicable state securities requirements or pursuant to
exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to
buy any securities in any jurisdiction.
Forward-Looking Information and Statements:
This release includes certain statements that may be deemed to be "forward-looking statements".
All statements in this release, other than statements of historical facts, that address events or
developments that management of the Company expects, are forwa rd-looking statements.
Although management believes the expectations expressed in such forward -looking statements
are based on reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those in the forward-
looking statements. The Company undertakes no obligation to update these forward -looking
statements if management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause actual result s to differ materially from those in forward -looking
statements, include market prices, exploration and development successes, regulatory approvals,
continued availability of capital and financing, and general economic, market or business
conditions. Pleas e see the public filings of the Company at www.sedarplus.ca for further
information.