Eros Resources Corp. (TSXV: ERC), (OTCQB: EROSF)
(“
Eros” or the “
Company”
) is pleased
to announce the appointment of Dr. Andrew J. Ramcharan (Ph.D.,
P.Eng, FAusIMM) as Senior Vice President of Corporate Development
and Mr. Cornell McDowell (P.Geo) as Vice-President of Exploration.
Both appointments are effective as of the 28th of January, 2025.
Jonathan Weisblatt, CEO and Director of Eros
stated: “We are excited to have Dr. Ramcharan and Mr. McDowell join
us at Eros Resources as SVP Corporate Development and Investor
Relations and Vice-President of Exploration respectively. The
merger between Rockridge Resources, MAS Gold and Eros Resources has
created a pure-play Saskatchewan focused gold and copper company
with five very exciting projects. The addition of these two
professionals will help our company to achieve significant
milestones moving forward as they bring a wealth of experience to
Eros in both the technical and corporate side of the business. We
have a lot planned for the upcoming year and we look forward to
leveraging Andrew’s industry knowledge, business acumen and strong
network to help grow Eros. He had an important role in the 3-way
merger and has become very familiar with the assets and growth
potential. This transition will be very beneficial to all
shareholders.”
Mr. Wiesblatt went on to say, “Eros is also very
privileged to welcome Mr. McDowell to the team at what we believe
is an exciting inflection point for the Company during a time of
unprecedented macroeconomic strength in the gold and copper
markets. At Eros, our people are the primary cornerstones of our
execution strategy. The addition of Mr. McDowell to our team
enhances our technical and geological experience across all of our
assets and will be an instrumental part of our future success and
shareholder value creation.”
About Dr. Andrew J. Ramcharan:
Dr. Ramcharan has an extensive background in
corporate development, mining and exploration, project evaluation,
and investment banking spanning over twenty years. Previously, as
Manager of Corporate Development for IAMGOLD, Dr. Ramcharan was
involved in raising over $600 million in equity financings and
worked on project acquisitions totalling over $800 million.
Dr. Ramcharan has held senior investment banking
and corporate finance roles, including with Sprott and Resource
Capital Funds, where he performed over 300 project evaluations and
helped complete numerous debt and equity financings. More recently
he was the SVP of Corporate Development for Rockridge Resources and
was part of the team that led the three-way merger.
About Mr. Cornell McDowell:
Cornell McDowell is a registered Professional
Geologist with the Association of Professional Engineers and
Geoscientists of the Province of British Columbia (EGBC). He has
worked continuously in mineral exploration since graduating with a
Bachelor of Science (Specialization in Geology) from the University
of Alberta in 2005. As a geological consultant, Mr. McDowell has
worked with both privately held and publicly listed mineral
exploration companies in multiple jurisdictions.
Mr. McDowell was a member of the core discovery
team with Tyler Resources when their Bahuerachi copper porphyry
project in Chihuahua Mexico was purchased by the Jinchuan Group for
$214 million (CDN) in March 2008. He has served as Vice President
of Exploration for Aben Minerals (TSX.V:ABM) since 2017 and
currently sits on the Board of Directors with Jade Leader Corp.
(TSX.V:JADE). He has been closely-involved with Surge Copper Corp.
(TSX.V:SURG) since 2011 on their Ootsa and Berg Cu-Au-Ag-Mo-Pb-Zn
porphyry projects in west central British Columbia.
Symbol Change:
Eros is also pleased to announce changes to its
trading stock symbol on the TSX Venture Exchange in Canada
(“TSXV”). Effective at the opening of trading on Tuesday,
February 4, 2025, the common shares of the Company will
commence trading on the TSXV under the new trading symbol “ROCK”
(old symbol “ERC”). There are no changes to the ISIN and CUSIP
numbers associated with the shares.
About Eros Resources Corp.
Eros Resources Corp. is a Canadian public
mineral exploration company listed on the TSX Venture focused on
the acquisition, exploration and development of mineral properties
in Canada. The Company is advancing its gold and copper projects in
Saskatchewan, including four gold properties in the prospective La
Ronge Gold Belt totaling 35,175.6 hectares (86,920.8 acres), as
well as the 100% owned Knife Lake copper project.
For further information, please contact:
Eros Resources Corp.
Jonathan Wiesblatt, Chief Executive OfficerTelephone:
647-203-9190Email: jwiesblatt@rockridgeresourcesltd.com
For further information contact myself or:
Jordan Trimble, President orAndrew Ramcharan, Corporate
Communications
Eros Resources Corp. Telephone: 647-309-5130 Toll Free:
800-567-8181 Facsimile: 604-687-3119
NEITHER THE TSXV NOR ITS REGULATION SERVICES
PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE
CONTENT OF THIS NEWS RELEASE.
None of the securities to be issued pursuant to
the Transaction have been, nor will be, registered under the United
States Securities Act of 1933, as amended (the “U.S. Securities
Act”) or any U.S. state securities laws, and may not be offered or
sold in the United States or to, or for the account or benefit of,
United States persons absent registration or an applicable
exemption from the registration requirements of the U.S. Securities
Act and applicable U.S. state securities laws. This press release
does not constitute an offer to sell or the solicitation of an
offer to buy securities in the United States, nor in any other
jurisdiction.
Forward-Looking Information and
Statements
This press release contains certain
“forward-looking information” and “forward-looking statements”
within the meaning of applicable securities legislation. Such
forward-looking information and forward-looking statements are not
representative of historical facts or information or current
condition, but instead represent only the beliefs of each of the
companies regarding future events, plans or objectives, many of
which, by their nature, are inherently uncertain and outside of the
companies’ control. Generally, such forward-looking information or
forward-looking statements can be identified by the use of
forward-looking terminology such “could”, “intend”, “expect”,
“believe”, “will”, “projected”, “planned”, “estimated”, “soon”,
“potential”, “anticipate” or variations of such words. By
identifying such information and statements in this manner, Eros is
alerting the reader that such information and statements are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of Eros to be materially different from those
expressed or implied by such information and statements.
In addition, in connection with the
forward-looking information and forward-looking statements
contained in this press release, Eros has made certain assumptions.
Among the key factors that could cause actual results to differ
materially from those projected in the forward-looking information
and statements include: material adverse changes in general
economic, business and political conditions, including changes in
the financial markets; geopolitical risk and changes in applicable
laws or regulations; operational risks; meeting the continued
listing requirements of the TSXV; and other factors set forth in
the joint management information circular of Eros, Rockridge
Resources Ltd. and MAS Gold Corp. under the section "Risk Factors",
available on each of the companies’ respective SEDAR+ profiles at
www.sedarplus.ca. These risks are not intended to represent a
complete list of the factors that could affect Eros; however, these
factors should be considered carefully. Should one or more of these
risks, uncertainties or other factors materialize, or should
assumptions underlying the forward-looking information or
forward-looking statements prove incorrect, actual results may vary
materially from those described herein. The impact of any one
assumption, risk, uncertainty, or other factor on a particular
forward-looking statement cannot be determined with certainty
because they are interdependent and the combined company’s future
decisions and actions will depend on management’s assessment of all
information at the relevant time.
Although Eros believes that the assumptions and
factors used in preparing, and the expectations contained in, the
forward-looking information and forward-looking statements are
reasonable, undue reliance should not be placed on such information
and forward-looking statements, and no assurance or guarantee can
be given that such forward-looking information and forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information and statements. The forward-looking information and
forward-looking statements contained in this press release are made
as of the date of this press release, and Eros does not undertake
to update any forward-looking information and/or forward-looking
statements that are contained or referenced herein, except in
accordance with applicable securities laws.
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