Tag: polymetallic epithermal-porphyry complex

Eloro Resources Closes Non-Brokered Private Placement Offering of 4,200,000 units for Gross Proceeds of $3,780,000

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

Eloro Resources Ltd. (“Eloro” or the “Company”) (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that, in connection with its previously announced non-brokered private placement offering (the “Offering”), the Company has closed the second and final tranche of the Offering of 4,200,000 units of the Company (the “Units”) at $0.90 per Unit for gross proceeds of $3,780,000. The Offering included a lead order from the Company’s largest shareholder and strategic investor, Crescat Capital LLC. read more

Eloro Resources Increases Non-Brokered Private Placement Offering to 4,200,000 units for Gross Proceeds of $3,780,000 and Schedules Closing for October 31, 2024

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

Eloro Resources Ltd. (“Eloro” or the “Company”) (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that, in connection with its previously announced non-brokered private placement offering (the “Offering”), the Company has increased the size of the Offering from up to 3,900,000 units of the Company (the “Units”) at $0.90 per Unit for gross proceeds of up to $3,510,000, to 4,200,000 Units for gross proceeds of $3,780,000. The Company also announces the Offering is fully subscribed and the closing of the second and final tranche is scheduled to take place on October 31, 2024. read more

Eloro Resources Receives Lead Order from Strategic Investor Crescat Capital and Announces Non-Brokered Private Placement Offering Up to $2,700,000

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

Eloro Resources Ltd. (“Eloro” or the “Company”) (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce it has received a lead order from the Company’s largest shareholder and strategic investor, Crescat Capital LLC, in connection with a non-brokered private placement offering (the “Offering”) of up to 3,000,000 units of the Company at $0.90 per unit (the “Units”) for gross proceeds of up to $2,700,000. read more

Eloro Resources Closes C$10.9 Million Bought Deal Financing

MotherlodeTV
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) announces that it has closed today its previously announced bought deal financing (the “Offering”). Pursuant to the Offering, Eloro issued 3,466,530 units of the Company (the “Units”) at a price of C$3.15 per Unit for total gross proceeds of C$10,919,570. This includes 266,530 Units issued in connection with the partial exercise of the over-allotment option granted to the underwriters under the Offering. read more

Eloro Resources Announces C$10 Million Bought Deal Financing

MotherlodeTV
V.ELO, Eloro Resources, Peru, gold, Tom Larsen

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 Cantor Fitzgerald Canada Corporation (“Cantor”) to act as sole underwriter (the “Underwriter”), pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 3,200,000 units (the “Units”) at a price of C$3.15 per Unit (the “Issue Price”) for gross proceeds to the Company of C$10,080,000 (the “Offering”). read more

Eloro Resources Announces Upsized Bought Deal Financing To C$8.5

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

Eloro Resources Ltd. (the “Company” or “Eloro“) (TSXV: ELO) (OTCQX: ELRRF) (FSE: P2QM) is pleased to announce that in connection with its previously announced bought deal financing, the Company and Cormark Securities Inc., (the “Underwriter“) have agreed to increase the size of the previously announced financing. The Underwriter has agreed to purchase, on a bought deal basis, 2,615,400 units of the Company (the “Units“) at a price of C$3.25 per Unit for gross proceeds to the Company of approximately C$8.5 million (the “Offering“). Each Unit will consist of one common share in the capital of the Company (each a “Common Share“) and one-half of one common share purchase warrant (each whole warrant, a “Warrant“) of the Company. Each Warrant shall entitle the holder to acquire an additional Common Share at a price of C$4.75 for a period of 24 months following the closing of the Offering. read more

Eloro Resources Makes Iska Iska Polymetallic Property Option Payment

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

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that it has advanced US$3 million as property option payments, pursuant to the Private Option Agreement (the “Agreement”) to acquire a 99% interest in the Iska Iska silver-tin polymetallic project (“Iska Iska”) in the Potosi Department, southern Bolivia. The Agreement grants Eloro the option to acquire a 99% interest in Iska Iska for consideration consisting of 500,000 Eloro common shares, of which 250,000 have been issued, with the remaining 250,000 to be issued on or before January 6, 2022, and the payment of US$10 million, of which US$3 million has been paid to date, with the remaining US$7 million due on or before January 6, 2024. read more