Eros Resources Announces Non-Brokered Private Placement Financing

Group 1 - Eros Resources Corp. announced a non-brokered private placement financing of up to 36,000,000 units at a price of $0.05 per unit, aiming for gross proceeds of $1,800,000, which is fully subscribed and will close shortly [2][5] - Each unit consists of one common share and one transferable common share purchase warrant, allowing the holder to purchase an additional common share at $0.075 for three years from the date of issue [3] - The company has the right to accelerate the expiry date of the warrants if the closing price of its common shares reaches or exceeds $0.10 for ten consecutive trading days [4] Group 2 - The proceeds from the offering will be utilized for general working capital and exploration activities in Saskatchewan, following a recent three-way amalgamation with MAS Gold and Rockridge Resources [5][6] - Eros Resources Corp. is focused on mineral exploration in Canada, particularly in gold and copper projects in Saskatchewan, including two gold projects in the La Ronge Gold Belt and the Knife Lake Project [7]