MAS Gold Shareholders Approve Business Combination with Eros and Rockridge

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BUSINESS Notícia

MERGER,ACQUISITION,SHARES

MAS Gold shareholders voted overwhelmingly in favor of a plan of arrangement that will see Eros Resources Corp. acquire all outstanding shares of MAS Gold it doesn't already own. The transaction also involves Rockridge Resources Ltd., with shareholders of each company receiving Eros shares based on their holdings.

MAS Gold Corp. shareholders have overwhelmingly approved a business combination with Eros Resources Corp. and Rockridge Resources Ltd. Eros will acquire all outstanding shares of MAS Gold it doesn't already own through a plan of arrangement. Rockridge shareholders will receive 0.25 Eros shares for each Rockridge common share held, and MAS Gold shareholders will receive 0.25 Eros shares for each MAS Gold common share held. Upon closing, existing Eros shareholders will own approximately 42.

37% of the combined company, existing MAS Gold shareholders will own approximately 37.33%, and existing Rockridge shareholders will own approximately 20.30% (based on current outstanding shares)

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