On December 30, 2020, MAS Gold Corp. (TSXV:MAS) amended and closed the transaction. The company has issued 30,017,171 common share units for gross proceeds of CAD 1,801,030.26 and 17,992,139 flow-through units for gross proceeds of CAD 1,259,449.73, for aggregate gross proceeds of CAD 3,060,479.99.

The transaction involved participation from 91 placees including returning investors, Eros Resources Corp. (TSXV:ERC) for 7,100,000 flow-through units for approximately 7.14% stake, Ronald Netolitzky, Chairman, Chief Executive Officer, and director, for 3,500,000 common share units for approximately 3.52% stake, Andrew Davidson through Jaelky Holdings Inc. for 166,667 shares, Robert Matthews for 1,075,000 shares, Hans Sturm for 725,000 flow-through shares, Pro Group Involvement for 1,428,571 shares and 5 placees for 200,000 flow-through shares. Prior to the transaction, Eros Resources Corp.

(TSXV:ERC) owned 4,690,476 common shares representing 9.11% stake and Ronald Netolitzky owned 9,057,500 common shares, representing 17.60% stake in the company respectively. Post completion of the transaction, Eros Resources Corp. (TSXV:ERC) owns 11,790,476 common shares representing 11.85% stake and Ronald Netolitzky owns 12,557,500 common shares representing 11.59% stake in the company respectively.

Eros Resources Corp. (TSXV:ERC) owns 3,550,000 warrants representing 9.1% stake and Ronald Netolitzky owns 3,500,000 warrants representing 8.97% stake respectively, as compared to no warrants previously. The company paid finder's fees of CAD 38,120 to Echelon Wealth Partners Inc., CAD 1,680 to PI Financial Corp., CAD 3,998.40 to Leede Jones Gable Inc, CAD 3,120 to Canaccord Genuity Corp, CAD 2,400 to National Bank Financial and CAD 19,200 to GloRes Securities Inc.