Eloro Resources Announces C$3 Million Bought Deal Financing

ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”) to act as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Echelon Wealth Partners Inc. (together with Haywood, the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 1,936,000 units (the “Units”) at a price of C$1.55 per Unit (the “Issue Price”) for gross proceeds to the Company of C$3,000,800 (the “Offering”). read more