(TheNewswire)
Vancouver, BritishColumbia - TheNewswire -November 3, 2020 - EROS Resources Corp. ("EROS" or the"Company") (TSXV: ERC) is pleased to announce that it hasentered into an unsecured loan agreement (the "LoanAgreement") to loan up to a maximum amount of $500,000 (the"Loan") to MAS Gold Corp. (the "Borrower").
The principal amount ofthe Loan outstanding under the Loan Agreement shall bear interest at arate 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 usedby the Borrower to fund its operations and for general andadministrative expenses. Mr. Ronald Netolitzky, a director and thePresident and CEO of both EROS and the Borrower, abstained from votingon the Loan in his capacity as a director of the Company. The LoanAgreement is subject to regulatory approvals.
About EROS
Eros Resources Corp. is a Canadian public companylisted on the Toronto Venture Exchange. The Company's businessobjective is the identification, acquisition and exploration ofadvanced-stage projects with a North American focus. In addition, theCompany plans to make strategic investments with a global focus on adiverse commodity base. EROS managements' expertise supports thisstrategy.
For further information, please contact:
EROS Resources Corp.
Ron Netolitzky
President and Chief Executive Officer
Phone: 604-688-8115
Forward Looking Statements
This release containsforward-looking statements. All statements, other than statements ofhistorical fact that address activities, events or developments thatwe believe, expect or anticipate will or may occur in the future areforward-looking statements. These forward-looking statements reflectour current expectations or beliefs based on information currentlyavailable to us. Forward-looking statements are subject to a number ofrisks and uncertainties that may cause our actual results to differmaterially 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 expectedconsequences to, or effects on, us. Any forward-looking statementspeaks only as of the date on which it is made and, except as may berequired by applicable securities laws, we disclaim any intent orobligation to update any forward-looking statement, whether as aresult of new information, future events or results or otherwise.Although we believe that the assumptions inherent in theforward-looking statements are reasonable, forward-looking statementsare not guarantees of future performance and, accordingly, unduereliance should not be put on such statements due to their inherentuncertainty.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
EROS Resources Corp. | Investor Inquiries: |
Suite 420 - 789 West Pender Street Vancouver, British Columbia, T: 604-688-8115 | Lubica Keighery VP Corporate Development lubica@erosresourcescorp.com c: 778-889-5476 |
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