Eloro Resources Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$15 Million
February 25, 2026 / Eloro Resources Ltd. (TSX:ELO)(OTCQX:ELRRF)(FSE:P2QM) (“Eloro” or the “Company”) is pleased to announce that as a result of strong investor demand, the Company and Red Cloud Securities Inc. (“Red Cloud“) have agreed to increase the size of its previously announced “bought deal” private placement (the “Underwritten Offering“) from gross proceeds of C$10,000,120 to gross proceeds of C$15,000,180. Pursuant to the upsized Underwritten Offering, Red Cloud and Cantor Fitzgerald Canada Corporation, as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters (the “Underwriters“), will purchase for resale 5,769,300 common shares of the Company (the “Offered Shares“) at a price of C$2.60 per Offered Share (the “Offering Price“).