Business
EROS Resources Announces Loan to MAS Gold
(TheNewswire) Vancouver, British Columbia - TheNewswire - Novembe...
About this update from Trident Resources Corp.
[{"type":"text","content":"EROS Resources Announces Loan to MAS Gold\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, British\nColumbia -\n \n \n TheNewswire\n \n \n -\nNovember 3, 2020 - EROS Resources Corp. (\"EROS\" or the\n\"Company\") (TSXV: ERC) is pleased to announce that it has\nentered into an unsecured loan agreement (the \"Loan\nAgreement\") to loan up to a maximum amount of $500,000 (the\n\"Loan\") to MAS Gold Corp. (the \"Borrower\").\n \n \n \n \n \n \n \n \n \n \n The principal amount of\nthe Loan outstanding under the Loan Agreement shall bear interest at a\nrate of 5.0% per annum and the Loan shall mature on the earlier of:\n(i) demand by EROS; or (ii) October 30, 2021. The Loan is to be used\nby the Borrower to fund its operations and for general and\nadministrative expenses. Mr. Ronald Netolitzky, a director and the\nPresident and CEO of both EROS and the Borrower, abstained from voting\non the Loan in his capacity as a director of the Company. The Loan\nAgreement is subject to regulatory approvals.\n \n \n \n \n About EROS\n \n \n \n \n Eros Resources Corp. is a Canadian public company\nlisted on the Toronto Venture Exchange. The Company's business\nobjective is the identification, acquisition and exploration of\nadvanced-stage projects with a North American focus. In addition, the\nCompany plans to make strategic investments with a global focus on a\ndiverse commodity base. EROS managements' expertise supports this\nstrategy.\n \n \n \n \n For further information, please contact:\n \n \n \n \n EROS Resources Corp.\n \n \n \n \n Ron Netolitzky\n \n \n \n \n President and Chief Executive Officer\n \n \n \n \n Phone: 604-688-8115\n \n \n \n \n Forward Looking Statements\n \n \n \n \n This release contains\nforward-looking statements. All statements, other than statements of\nhistorical fact that address activities, events or developments that\nwe believe, expect or anticipate will or may occur in the future are\nforward-looking statements. These forward-looking statements reflect\nour current expectations or beliefs based on information currently\navailable to us. Forward-looking statements are subject to a number of\nrisks and uncertainties that may cause our actual results to differ\nmaterially from those discussed in the forward-looking statements and,\neven if such actual results are realized or substantially realized...