Toronto, ON-based exploration and mine development company
Eloro Resources Ltd. (ELO) (
TSX-V.ELO,
OTCQX: ELRRF, Frankfurt: P2Q,
Forum) has announced that, in connection with its previously announced bought deal financing (see Eloro press releases dated
December 9th, 2020 and
December 16th, 2020), it has filed a final short form prospectus with the applicable securities regulators in each of the provinces of Canada, except Quebec.
Under the terms of the financing, Haywood Securities Inc., as lead underwriter, and Echelon Wealth Partners Inc. agreed to purchase, on a bought deal basis, 3,548,400 units at a price of CDN$1.55 per Unit for gross proceeds to the Company of CDN$5,500,020.
Full story
here.
About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. ELO has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR.
Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 metres to 4,400 metres above sea level.
FULL DISCLOSURE: Eloro Resources Ltd. is a client of Stockhouse Publishing