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Eros Resources Corp. Takes Equity Position in Owl Capital Corp. in Exchange for Assets
Eros Resources Corp. Takes Equity Position in Owl Capital Corp. in Exchange for Assets ...
About this update from Trident Resources Corp.
[{"type":"text","content":"\n\n\n\nEros Resources Corp. Takes Equity Position in Owl Capital Corp. in Exchange for Assets\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, April 25, 2019\n\n\n\nVANCOUVER, April 25, 2019 /CNW/ - Eros Resources Corp. (TSX.V: ERC) (\"Eros\" or the \"Company\") is pleased to announce that it has signed a term sheet dated April 10, 2019 (the \"Agreement\") with Owl Capital Corp. (\"Owl\" TSX-V: OCC.P) regarding the sale of the Company's interests in the Oro Cruz and Eastgate projects as well as Eros' shareholding and warrant position in Bullfrog Gold Corp. \nOn closing of the Transaction, Eros will own 14,302,940 shares of Owl, representing 35.9% of the approximately 39,800,000 total issued and outstanding shares of Owl. \nEros' position in Owl is based on the following:\na)\n2,901,275 Owl shares with respect to the sale of Eros' 45% interest in the Eastgate Property;\nb)\n8,545,000 Owl shares with respect to the sale of Eros'  exclusive option to acquire a 37.5% interest in the Oro Cruz Property;\nc) \n2,856,665 Owl shares with respect to the transfer Eros' 5.58% undiluted equity interest in the capital of Bullfrog Gold Corp., an exploration stage company (\"Bullfrog\" OTCQB: BFGC) comprised of 8,750,000 shares and 7,750,000 share purchase warrants of Bullfrog.\n \nOwl is a capital pool company (\"CPC\") and intends the Transaction to contribute towards a Qualifying Transaction pursuant to the TSX Venture Exchange (the \"Exchange\") Policy 2.4 – Capital Pool Companies. Upon successful completion of the Transaction, O...