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Eros Resources, MAS Gold and Rockridge Resources Sign Definitive Agreement to Complete Strategic Three-Way Merger to Create an Advanced High-Grade Gold and Copper Exploration Company in SK, Canada
Eros Resources, MAS Gold and Rockridge Resources Sign Definitive Agreement to Complete Strategic ...
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[{"type":"text","content":"\n\n\n\n Eros Resources, MAS Gold and Rockridge Resources Sign Definitive Agreement to Complete Strategic Three-Way Merger to Create an Advanced High-Grade Gold and Copper Exploration Company in SK, Canada\n \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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Oct. 1, 2024\n \n\n /CNW/ -\n \n Eros Resources Corp.\n \n (TSXV: ERC) (OTCQB: EROSF)  (\"\n \n Eros\n \n \"),\n \n MAS Gold Corp.\n \n (TSXV:  MAS) (\"\n \n MAS Gold\n \n \") and\n \n Rockridge Resources Ltd.\n \n (TSXV: ROCK) (\"\n \n Rockridge\n \n \") are pleased to announce that they have entered into a business combination agreement  (the \"\n \n Business Combination Agreement\n \n \") to combine the companies in a three-way merger transaction (the \"\n \n Transaction\n \n \"). Pursuant to the Transaction, Eros will acquire all of the issued and outstanding shares of both Rockridge and MAS Gold that it does not already own by way of two plans of arrangement under the Business Corporations Act (\n \n British Columbia\n \n ).\n \n\n Pursuant to the Transaction, shareholders of Rockridge will receive 0.375 common shares of Eros (each full share, an \"\n \n\n Eros Share\n \n\n \") for each Rockridge common share (a \"\n \n Rockridge Share\n \n \") held and shareholders of MAS Gold will receive 0.25 Eros Shares for each MAS Gold common share (a \"\n \n MAS Gold Share\n \n \") held. Upon closing of the Transaction, existing Eros shareholders will own approximately 42.37% of the combined company, existing MAS Gold shareholders will own approximately 37.33% of the combined company, and existing Rockridge shareholders will own approximately 20.30% (based on the current issued and outstanding shares of each of the companies).\n \n\n\n Highlights of the Transaction:\n \n\n\n\n\n Proven Leadership Team:\n \n The combined company board and management will bring decades of relevant experience, with a track record of significant valuation creation for stakeholders, capital markets expertise, and technical experience.\n \n\n\n Corporate Mand...