EROS Resources Announces Loan to MAS Gold

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

(TheNewswire)



Vancouver, British Columbia - TheNewswire - November 3, 2020 – EROS Resources Corp. (“EROS” or the “Company”) (TSXV: ERC) is pleased to announce that it has entered into an unsecured  loan agreement (the “Loan Agreement”) to loan up to a maximum amount of $500,000 (the “Loan”) to MAS Gold Corp. (the “Borrower”).

The principal amount of the Loan outstanding under the Loan Agreement shall bear interest at a rate of 5.0% per annum and the Loan shall mature on the earlier of: (i) demand by EROS; or (ii) October 30, 2021. The Loan is to be used by the Borrower to fund its operations and for general and administrative expenses. Mr. Ronald Netolitzky, a director and the President and CEO of both EROS and the Borrower, abstained from voting on the Loan in his capacity as a director of the Company. The Loan Agreement is subject to regulatory approvals.  

 

About EROS

 

Eros Resources Corp. is a Canadian public company listed on the Toronto Venture Exchange. The Company’s business objective is the identification, acquisition and exploration of advanced-stage projects with a North American focus. In addition, the Company plans to make strategic investments with a global focus on a diverse commodity base. EROS managements’ expertise supports this strategy.

 

For further information, please contact:

EROS Resources Corp.

Ron Netolitzky

President and Chief Executive Officer

Phone: 604-688-8115

 

Forward Looking Statements

This release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that we believe, expect or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements reflect our current expectations or beliefs based on information currently available to us. Forward-looking statements are subject to a number of risks and uncertainties that may cause our actual results to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, us. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, we disclaim any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although we believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

EROS Resources Corp.

Investor Inquiries:

Suite 420 - 789 West Pender Street       

Vancouver, British Columbia,

T: 604-688-8115       

w: www.erosresourcescorp.com

 

Lubica Keighery

VP Corporate Development

[email protected]

c: 778-889-5476

  

Copyright (c) 2020 TheNewswire - All rights reserved.