Eloro Resources Ltd T.ELO

Alternate Symbol(s): ELRRF

Metals & Mining Gold

Eloro Resources Ltd. is a Canada-based exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. It is focused on developing its potential Iska Iska silver-tin polymetallic property in the Potosi Department of southern Bolivia. The Iska Iska Porvenir Concession is a road accessible, royalty-free property that covers an area of 900 hectares located 48-kilometer (km) north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. It 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 over 89 square kilometers. La Victoria has infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.

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Eloro Resources Ltd

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Post by Dollarfigureon Jan 07, 2010 5:05pm

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Post# 16651982

Eloro grants options to buy 3.25 million shares

2010-01-07 17:02 ET - Options Proposed

Mr. Thomas Larsen reports

ELORO RESOURCES ANNOUNCES GRANT OF STOCK OPTIONS

Eloro Resources Ltd. has granted options to directors, officers and consultants to purchase 3.25 million common shares of Eloro, exercisable at 15 cents per share at any time on or before Jan. 7, 2015. The grants are subject to TSX Venture Exchange acceptance, and were made in accordance with and subject to the terms of Eloro's stock option plan. In accordance with securities regulatory requirements, any shares issued pursuant to the exercise of such options will be subject to a resale restriction for a period of four months from the date of the grant.

We seek Safe Harbor.

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