Vancouver, BC (January 27, 2017) Eros Resources Corp. (TSX.V: ERC) (“Eros” or the Company”) is pleased to announce the results of its Annual General Meeting, held on January 27, 2017. All of the resolutions presented to the shareholders were approved with over 98% of votes cast being in favour of each resolution (see the SEDAR filing of the Company’s Information Circular, dated August 29, 2016).
Following the AGM, the following resolutions were adopted:
The Audit Committee was re-appointed, comprising Donald R. Siemens (Chair), Tom MacNeill and Ronald W. Stewart.
The Compensation Committee was also appointed, comprising Ross McElroy (Chair), Tom MacNeill and Ronald Netolitzky.
Ron Stewart (President & CEO) and Andrew MacRitchie (CFO & Corporate Secretary) remain the appointed Officers for the Company.
In addition, the Company wishes to advise that it became a reporting insider of Tarku Resources Ltd (TSX-V: TKU), (“Tarku”), through participation in Tarku’s private placement on June 24, 2016. Eros acquired an additional 1,300,000 shares of Tarku, bringing Eros’s ownership of Tarku to 3,300,000 shares, representing 12.08% of the then-outstanding shares of Tarku. Tarku has since issued additional shares, diluting Eros’s ownership to 10.3% of the currently-outstanding shares of Tarku.
Eros Resources Corp. is a well-financed Canadian public company focused on the exploration and development of resource projects in North America. Eros also holds an investment portfolio which includes 48 million shares of Skeena Resources Ltd., which is advancing exploration on 3 exciting projects, Spectrum-GJ, Snip and the past-producing Porter Idaho silver mine in the Golden Triangle of the Stikine Arch of northwestern British Columbia.
On behalf of the Board of Directors of
Eros Resources Corp.,
President & CEO
Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute “forward looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation, including, among other things, information with respect to this presentation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “may”, “will”, “could” or “would”. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.