Eros Finalizes Merger with MAS Gold and Rockridge Resources

Eros Resources Corp., MAS Gold Corp., and Rockridge Resources Ltd. have successfully finalized a three-way merger that sees Eros acquiring all shares of the other two companies, forming a consolidated entity with a stronger mining portfolio. The merger, announced on October 1, 2024, was executed under the business combination agreement dated September 30, 2024. This transaction leads to Rockridge and MAS Gold becoming wholly-owned subsidiaries of Eros. The merger is structured through two plans of arrangement under British Columbian law and was ratified by shareholder votes from all three companies on January 6, 2025, with final court approval obtained on January 9, 2025. Participating shareholders have been allocated shares of Eros according to predetermined exchange ratios, while existing options and warrants have been adjusted to reflect the newly combined company structure. The new company's board of directors features leaders from all three entities, supporting an enhanced focus on high-grade gold and copper projects particularly within Saskatchewan. Upon the completion of this merger, the shares of Rockridge and MAS Gold are delisted from the TSXV, affirming Eros's extended reach in the mineral resources exploration and development sector.