VANCOUVER, Sept. 1, 2017 /CNW/ - Eros Resources
Corp. (TSX.V: ERC) ("Eros" or the
Company") is pleased to announce the results of its Annual
General Meeting, held on August 25,
2017. All of the resolutions presented to the shareholders
were approved with over 99% of votes cast being in favour of each
resolution (see the SEDAR filing of the Company's Information
Circular, dated August 4, 2017).
In addition, on August
29th, 2017, the Board of Directors granted
1,150,000 incentive stock options to directors, officers and
consultants of the Company, subject to TSX Venture Exchange
approval. The options will have a term of 5 years, expiring on
August 29, 2022. Each option will
allow the holder to purchase one common share in the Company at a
price of $0.165. All of the options
are subject to vesting, with half vesting immediately and half
vesting one year after granting. Any shares issued on the exercise
of these stock options will be subject to a four month hold period
from date of grant.
About Eros
Eros Resources Corp. is a well-financed
Canadian public company focused on the exploration and development
of resource projects in North
America. Eros also holds an investment portfolio which
includes 48 million shares of Skeena Resources Ltd., 4.0 million
shares of Westcore Energy Limited, 6.75 million shares of Bullfrog
Gold Corporation and a number of other equity positions in junior
exploration companies. Eros also has an interest in three wells in
the Flaxcombe oil field in
Saskatchewan. Under the agreement, Eros will hold a 90%
interest until its $1.6 million
investment is recovered and thereafter will share a 50% interest
with the operator, Westcore Energy Ltd.
On behalf of the Board of Directors of
Eros Resources Corp.,
Ron Stewart
President & CEO
Cautionary note regarding forward-looking
statements
Certain statements made and information contained herein may
constitute "forward looking information" and "forward looking
statements" within the meaning of applicable Canadian and
United States securities
legislation, including, among other things, information with
respect to this presentation. These statements and information are
based on facts currently available to the Company and there is no
assurance that actual results will meet management's expectations.
Forward-looking statements and information may be identified by
such terms as "anticipates", "believes", "targets", "estimates",
"plans", "expects", "may", "will", "until", "could" or "would".
Forward-looking statements and information contained herein are
based on certain factors and assumptions regarding, among other
things, the estimation of mineral resources and reserves, the
realization of resource and reserve estimates, metal prices,
taxation, the estimation, timing and amount of future exploration
and development, capital and operating costs, the availability of
financing, the receipt of regulatory approvals, environmental
risks, title disputes and other matters. While the Company
considers its assumptions to be reasonable as of the date hereof,
forward-looking statements and information are not guarantees of
future performance and readers should not place undue importance on
such statements as actual events and results may differ materially
from those described herein. The Company does not undertake to
update any forward-looking statements or information except as may
be required by applicable securities laws
Neither TSX Venture Exchange nor the
Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy
or accuracy of this release.
SOURCE Eros Resources Corp.