Eros Resources, MAS Gold, and Rockridge Resources: A New Era in Canadian Exploration

Eros Resources Corp. (TSXV: ERC), MAS Gold Corp. (TSXV: MAS), and Rockridge Resources Ltd. (TSXV: ROCK) have completed their previously announced three-way merger transaction, marking a significant milestone in the Canadian exploration landscape. The combined company, with Eros as the surviving entity, brings together a robust portfolio of high-grade gold and copper assets in Saskatchewan, positioning it for future growth and potential strategic partnerships.

The Transaction, which was announced on October 1, 2024, and completed on January 24, 2025, saw Eros acquire all the issued and outstanding shares of Rockridge and MAS Gold that it did not already own by way of two plans of arrangement under the Business Corporations Act (British Columbia). The Transaction was approved by the shareholders of each company on January 6, 2025, and received the necessary approvals from the Supreme Court of British Columbia on January 9, 2025.

Under the terms of the Transaction, former shareholders of Rockridge received 0.375 common shares of Eros for each Rockridge common share held, while former shareholders of MAS Gold received 0.25 Eros shares for each MAS Gold common share held. Existing Eros shareholders will own approximately 42.37% of the combined company, former MAS Gold shareholders will own approximately 37.33%, and former Rockridge shareholders will own approximately 20.30%.

The combined company's board of directors will consist of five (5) directors, with the appointment of Jordan Trimble, Jonathan Wiesblatt, Joseph Gallucci, Ross McElroy, and Tim Termuende. Management of the combined company will include Jordan Trimble as President, Jonathan Wiesblatt as Chief Executive Officer, and Chantelle Collins as Chief Financial Officer.

The completion of the Transaction results in Rockridge and MAS Gold becoming wholly-owned subsidiaries of Eros, with the Rockridge and MAS Gold shares expected to be delisted from the TSXV as of the closing of the market on January 27, 2025.



The combined company's portfolio of high-grade gold and copper assets in Saskatchewan offers significant exploration potential, with approximately 77,890 hectares of mineral claims. This extensive land package, combined with the proximity of the assets to existing infrastructure, creates an attractive environment for new discoveries and the potential for larger strategic partnerships.

The Transaction brings together a highly experienced leadership team with a proven track record of valuation creation, capital markets expertise, and technical experience. This experienced team will be instrumental in navigating the complexities of exploration, development, and strategic partnerships, positioning the combined company for success in the Canadian exploration sector.

In conclusion, the completion of the three-way merger transaction between Eros Resources, MAS Gold, and Rockridge Resources marks a new era in Canadian exploration. The combined company's robust portfolio of high-grade gold and copper assets in Saskatchewan, experienced leadership team, and strong balance sheet position it well for future growth and potential strategic partnerships. Investors should closely monitor the progress of this newly formed entity as it continues to develop its extensive mineral resources and create value for shareholders.