Vancouver, BC, Feb. 03, 2025 (GLOBE NEWSWIRE) -- 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.
Jordan Trimble, President or Andrew 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.
