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Eloro Resources Ltd. (“Eloro” or the “Company”) (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce the closing of its previously announced non-brokered private placement offering (the “Offering”) for aggregate gross proceeds of $2.5 million. Under the Offering, the Company sold an aggregate of 2,631,578 units of the Company (the “Units”) at a price of C$0.95 per Unit.
Eloro Resources Ltd. (“Eloro” or the “Company”) (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce it is proceeding with a non-brokered private placement offering (the “Offering”) of up to 2,631,579 units of the Company (the “Units”) at a price of C$0.95 per Unit for aggregate gross proceeds of up to $2,500,000.
Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that the next phase of definition drilling in the potential Santa Barbara starter pit area in the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia will commence shortly. The program will consist of 4,300m of diamond drilling in 8 holes focussed on upgrading and expanding high grade tin mineralization hosted in intrusion and phreatomagmatic breccia (TIB and TPMB, respectively) and the shallow higher grade silver mineralized zone which is above the tin zone.
Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce the final assay results from its 10-hole definition diamond drilling program in the potential Santa Barbara starter pit area in the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. A total of 5,799.4m of diamond drilling have been completed in eleven (11) holes in this phase of drilling. Assays are pending for the one step out hole on the SE chargeability anomaly. Figure 1 shows the location of drill holes reported, Table 1 lists significant assay results and Table 2 lists drill hole coordinates.
Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro” or the “Company”) is pleased to announce the closing of its previously announced best efforts private placement (the “Offering“) for aggregate gross proceeds of C$5,275,101, which includes the partial exercise of the agents’ option for gross proceeds of C$275,101. Under the Offering, the Company sold an aggregate of 5,552,738 units of the Company (the “Units”) at a price of C$0.95 per Unit (the “Offering Price”).
Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro” or the “Company”) is pleased to announce that the best efforts private placement as announced by the Company on March 27, 2025 (the “Marketed Offering“) is oversubscribed and fully allocated. Under the Marketed Offering, the Company intends to raise aggregate gross proceeds of up to C$5,000,000 from the sale of up to 5,263,158 units of the Company (the “Units”) at a price of C$0.95 per Unit (the “Offering Price”). Red Cloud Securities Inc. is acting as lead agent and sole bookrunner on behalf of a syndicate of agents including CIBC World Markets Inc., Canaccord Genuity Corp. and Haywood Securities Inc. (collectively, the “Agents”) in connection with the Offering (as defined below).
Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro” or the “Company”) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., to act as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the “Agents”), in connection with a best efforts private placement (the “Marketed Offering“) for aggregate gross proceeds of up to C$5,000,000 from the sale of up to 5,263,158 units of the Company (the “Units”) at a price of C$0.95 per Unit (the “Offering Price”).
Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce further assay results from its definition diamond drilling program in the potential Santa Barbara starter pit area in the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. To date 5,799.4m of diamond drilling have been completed in eleven (11) holes in this phase of definition drilling. PQ core size has been used in the majority of holes in this program to obtain larger, more representative core samples.
Speaking with Tom Larsen, CEO of Eloro Resources, (ELO.T) is always a pleasure. Larsen is delighted with the tin holes ELO reported in press releases on January 23 and February 20, 2025, with more to come. These releases reported high grade tin mineralization in Eloro’s tin domain at its Iska Iska project in Bolivia.
Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce further assay results from its definition diamond drilling program in the potential Santa Barbara starter pit area in the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. To date 5,799.4m of diamond drilling have been completed in eleven (11) holes. PQ core size has been used in the majority of holes in this program to obtain larger, more representative core samples.