Shareholders Approve Sale of Bell Mountain
NEWS
RELEASE
September
25,
2024
Eros
Resources
Corp.
Shareholders
Approve
Sale
of
Bell
Mountain
Vancouver,
BC,
September
25,
2024
–
Eros
Resources
Corp.
(“
Eros
”
or
the
“
Company
”)(TSXV:
ERC)
is
pleased
to
announce
that
at
its
annual
general
meeting
(“
AGM
”)
held
on
September
24,
2024
shareholders
voted
in
favour
of
the
proposed
transaction
pursuant
to
which
Eros
will
sell
its
Bell
Mountain
gold
project
located
in
Churchill
County,
Nevada,
to
Lincoln
Gold
Mining
Inc.
(the
“
Transaction
”).
The
terms
of
the
Transaction
are
as
disclosed
in
the
Company’s
press
release
of
May
6,
2024.
Pursuant
to
certain
amending
agreements
dated
May
31,
2024
and
August
15,
2024,
the
parties
extended
the
outside
date
of
the
Transaction
to
November
15,
2024.
Approval
of
the
Transaction
required
a
simple
majority
of
the
votes
cast
by
shareholders
present
in
person
or
represented
by
proxy
at
the
AGM.
At
the
AGM,
approximately
10.92%
of
the
outstanding
Eros
shares
were
represented
in
person
or
by
proxy,
of
which
98.69%
were
voted
in
favour
of
the
Transaction.
The
closing
of
the
Transaction
is
subject
to
the
satisfaction
of
customary
closing
conditions
for
a
transaction
of
this
type,
including
acceptance
by
TSX
Venture
Exchange
(“
TSXV
”).
Once
all
the
conditions
of
the
Transaction
are
fulfilled,
the
Transaction
will
close
in
7
–
10
business
days.
All
other
resolutions,
including
the
approval
of
directors,
approval
of
auditors
and
approval
of
the
stock
option
plan
were
passed
with
a
minimum
of
98%
approval.
About
Eros
Eros
Resources
Corp.
is
a
Canadian
public
company
listed
on
the
Toronto
Venture
Exchange.
The
Company’s
business
objective
is
the
identification,
acquisition,
and
exploration
of
advanced-stage
projects
with
a
North
American
focus.
In
addition,
the
Company
plans
to
make
strategic
investments
with
a
global
focus
on
a
diverse
commodity
base.
Eros
management’s
expertise
supports
this
strategy.
For
further
information,
please
contact:
EROS
Resources
Corp.
Tom
MacNeill
President
and
Chief
Executive
Officer
Phone:
306-653-2692
Forward
Looking
Statements
This
release
includes
forward-looking
statements
regarding
EROS
and
its
business.
Such
statements
are
based
on
the
current
expectations
and
views
of
future
events
of
EROS's
management.
In
some
cases
the
forward-looking
statements
can
be
identified
by
words
or
phrases
such
as
“may”,
“will”,
“expect”,
“plan”,
“anticipate”,
“intend”,
“potential”,
“estimate”,
“believe”
or
the
negative
of
these
terms,
or
other
similar
expressions
intended
to
identify
forward
looking
statements.
Such
forward-looking
statements
include,
without
limitation,
statements
relating
to
the
Company’s
expectation
that
the
Transaction
will
close,
that
the
Transaction
will
receive
final
TSXV
acceptance,
and
information
with
respect
to
the
Company’s
expectations,
strategies
and
plans
for
its
mining
properties.
The
forward-looking
events
and
circumstances
discussed
in
this
release
may
not
occur
and
could
differ
materially
as
a
result
of
the
failure
to
complete
the
Transaction,
known
and
unknown
risk
factors
and
uncertainties
affecting
EROS,
including
risks
regarding
the
resource
industry,
economic
factors
and
the
equity
markets
generally
and
many
other
factors
beyond
the
control
of
EROS.
No
forward-looking
statement
can
be
guaranteed.
Forward-looking
statements
and
information
by
their
nature
are
based
on
assumptions
and
involve
known
and
unknown
risks,
uncertainties
and
other
factors
which
may
cause
our
actual
results,
performance
or
achievements,
or
industry
results,
to
be
materially
different
from
any
future
results,
performance
or
achievements
expressed
or
implied
by
such
forward-looking
statement
or
information.
Accordingly,
readers
should
not
place
undue
reliance
on
any
forward-looking
statements
or
information.
Forward-looking
statements
speak
only
as
of
the
date
on
which
they
are
made
and
EROS
undertakes
no
obligation
to
publicly
update
or
revise
any
forward-looking
statement,
whether
as
a
result
of
new
information,
future
events,
or
otherwise,
except
as
required
by
applicable
securities
laws.
Neither
the
TSX
Venture
Exchange
nor
its
Regulation
Services
Provider
(as
that
term
is
defined
in
the
policies
of
the
TSX
Venture
Exchange)
accepts
responsibility
for
the
adequacy
or
accuracy
of
this
release.
EROS
Resources
Corp.
For
more
information,
please
contact:
Suite
420
-
789
West
Pender
Street
Lubica
Keighery
Vancouver,
British
Columbia,
VP
Corporate
Development
Canada,
V6C
1H2
c:
778-889-5476
T:
604-688-8115
w:
www.erosresourcescorp.com