Eros Resources Corp. closes oversubscribed $2.1 million private placement, exceeding target.

From GlobeNewswire: 2025-04-04 16:30:00

Eros Resources Corp. has successfully closed a private placement of C$2,077,500, surpassing the initial target by $277,500. The company issued 41,550,000 units at C$0.05 per unit, raising gross proceeds of $2,077,500. Management and board members subscribed for 5,800,000 units totaling $290,000. Proceeds will be used for general working capital and exploration in Saskatchewan. The financing is subject to final TSXV approval and a four-month-and-one-day hold period. Insider participation is exempt from formal valuation and minority shareholder approval requirements. The company’s projects include gold and copper exploration in Saskatchewan.



Read more at GlobeNewswire: Eros Resources Closes Oversubscribed $2.1 million Private