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Trident Resources Corp. — Share Issue/Capital Change 2025
Apr 28, 2025
43917_rns_2025-04-28_8ee42b9a-5c30-489e-b3b0-09eec13e3dd2.pdf
Share Issue/Capital Change
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1. Name and Address of Company
Eros Resources Corp. (“Eros” or the “Company”)
Suite 1030 – 505 Burrard Street
Vancouver, BC
V7X 1M5
Item 2. Date of Material Change
April 22, 2025
Item 3. News Release
The news release announcing the material change referred to in this report was disseminated on April 17, 2025 through Cision Canada Newswire.
Item 4. Summary of Material Change
The Company announces the official consolidation of its common shares on the basis of a ten (10) pre-consolidation shares for one (1) new post-consolidation share (the “Consolidation”) and a change of name to Trident Resources Corp. on April 22, 2025 (the “Effective Date”) as approved by the TSX Venture Exchange (the “Exchange”).
Post-consolidated capitalization: Approximately 27,374,042 common shares and 2,352,000 preferred shares (not affected by the Consolidation).
Item 5. Full Description of Material Change
News Release dated April 17, 2025 – See Schedule “A”
Item 6. Reliance on Subsection 7.1(2) of National Instrument 51-102
Not Applicable.
Item 7. Omitted Information
No information has been omitted from this Material Change Report.
Item 8. Senior Officer
For further information, please contact:
Jonathan Wiesblatt
Chief Executive Officer
647-203-9190
Item 9. Date of Report
April 28, 2025
SCHEDULE "A"
to the Material Change Report dated April 28, 2025
Eros Resources Announces Approval of Name Change and Share Consolidation
Vancouver, BC, April 17, 2025 – Eros Resources Corp. (TSXV: ROCK) (OTCQB: EROSF) (“Eros” or the “Company”) announces the official consolidation of its common shares on the basis of a ten (10) pre-consolidation shares for one (1) new post-consolidation share (the “Consolidation”) and a change of name to Trident Resources Corp. on April 22, 2025 (the “Effective Date”) as approved by the TSX Venture Exchange (the “Exchange”).
Post-consolidated capitalization: Approximately 27,374,042 common shares and 2,352,000 preferred shares (not affected by the Consolidation).
No fractional Shares were issued as a result of the Consolidation. Instead, any fractional share interest of 0.5 or higher arising from the Consolidation will be rounded up to one whole common share, and any fractional share interest of less than 0.5 will be cancelled. As applicable, the exercise or conversion price and the number of shares issuable under any of the Company's outstanding stock options, warrants and any other convertible instruments will be proportionately adjusted.
Effective at the opening of trading on the Effective Date, the Company's pre-consolidated common shares will be delisted from the Exchange and the post-consolidated common shares will commence trading. The Company's trading symbol shall remain the same (ROCK) and the new CUSIP and ISIN are 895980100 and CA8959801009, respectively.
A letter of transmittal will be sent to registered shareholders providing instructions to surrender their pre-consolidated share certificates (the "Share Certificates") or Director Registration ("DRS") evidencing their shares for replacement Share Certificates or DRS representing the number of post-consolidated shares to which they are entitled as a result of the Consolidation. Until surrendered, each Share Certificate or DRS representing shares prior to the Consolidation will be deemed, for all purposes, to represent the number of shares to which the holder thereof is entitled as a result of the Consolidation.
The company's board of directors believes that the Consolidation is necessary to strengthen the overall position of the Company to avail new corporate development opportunities, a new corporate vision, and financing transactions.
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 two 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.
For further information, please contact:
Eros Resources Corp.
Jonathan Wiesblatt, Chief Executive Officer
Email: [email protected]
For further information contact myself or:
Andrew Ramcharan, Corporate Communications
Eros Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119