Business
Eros Resources Corp. Acquires Additional Interest in Mas Gold Corp.
(TheNewswire) Vancouver, B.C. - TheNewswire – December 31,...
About this update from Trident Resources Corp.
[{"type":"text","content":"Eros Resources Corp. Acquires Additional Interest in Mas Gold Corp.\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n \n TheNewswire\n \n \n – December\n31, 2020 – Eros Resources Corp. (“\n \n \n Eros\n \n \n ”) (TSXV:ERC),\nSuite 420 - 789 West Pender Street, Vancouver, British Columbia,\nannounces that in connection with the closing of a non-brokered\nprivate placement by MAS Gold Corp. (“\n \n \n MAS Gold\n \n \n ”)\n(TSXV:MAS), Suite 420 - 789 West Pender Street Vancouver, British\nColumbia, Eros acquired on December 30, 2020 ownership of 7,100,000\nflow-through units of MAS Gold (“\n \n \n FT Units\n \n \n ”), each FT\nUnit comprised of one common share (“\n \n \n Common Share\n \n \n ”) of\nMAS Gold, and one half of one common share purchase warrant\n(“\n \n \n Warrant\n \n \n ”). The Common Shares acquired by Eros represent\napproximately 7.14% of MAS Gold’s issued and outstanding Common\nShares. The Warrants acquired by Eros represent approximately 9.10% of\nthe Warrants\n \n \n issued and outstanding.\n \n \n \n \n \n \n Prior to the closing of\nthe non-brokered private placement, Eros owned 4,690,476 Common\nShares, representing 9.11% of MAS Gold’s issued and outstanding\nCommon Shares. Upon completion of the private placement, Eros owns\n11,790,476 Common Shares, representing 11.85% of MAS Gold’s issued\nand outstanding Common Shares. Prior to the closing of the\nnon-brokered private placement, Eros did not own any Warrants. Upon\ncompletion of the private placement, Eros owns 3,550,000 Warrants,\nrepresenting 9.10% of the issued and outstanding Warrants.\n \n \n \n \n \n \n Eros acquired the FT\nUnits at a price of $0.07 per FT Unit, for an aggregate price of\n$497,000.00. Eros acquired the FT Units for investment purposes. Eros\nmay in the future take such actions in respect of its holdings as it\nmay deem appropriate in light of the circumstances then existing,\nincluding acquiring ownership or control over additional Common Shares\nor other securities of MAS Gold or the disposition of all or a portion\nof its holdings in open market or in privately negotiated\ntransactions.\n \n \n \n \n A copy of the early warning report in respect of this\ntransaction has been filed with the applica...