Brief: Eros Resources Announces Agreement With Lincoln Gold Mining To Sell Bell Mountain Project

Trident Resources

12/11/2023 17:20

Nov 12 (Reuters) - Eros Resources Corp  ERC.V :
    * EROS RESOURCES ANNOUNCES AGREEMENT WITH LINCOLN GOLD
MINING TO
SELL BELL MOUNTAIN PROJECT
    * EROS RESOURCES - LINCOLN RESOURCE TO GIVE BMEC NET PROFITS
INTEREST OF 7.5% OF NET RETURNS FROM GOLD, SILVER PRODUCED OR
EXTRACTED FROM PROJECT UP TO $2 MLN
    * EROS - UNDER DEAL, LINCOLN AGREED TO ISSUE TO EITHER BMEC
OR
EROS, AS DIRECTED BY EROS, 3 MLN COMMON SHARES IN CAPITAL OF CO
ON CLOSING DATE  
    * EROS RESOURCES CORP  ERC.V  - FOLLOWING CLOSING DATE, ONE
OF
EROS OR BMEC WILL BE AN INSIDER OF COMPANY
    * EROS - UNDER DEAL, LINCOLN ALSO AGREED TO ISSUE 1.5 MLN
SHARES
WITHIN 5 BUSINESS DAYS OF DATE ON WHICH LINCOLN COMPLETES ANY
ISSUANCE OF SHARES

Source text for Eikon:  ID: 
Further company coverage:  ERC.V 

 ((Reuters.Briefs@thomsonreuters.com;;))