Eloro Resources Ltd (TSXV: ELO; OTCQX: ELRRF) has closed its previously announced bought deal financing for gross proceeds to the company of C$9,775,057.50.
The Offering was underwritten on a bought deal basis by Cormark Securities Inc. as underwriter. Haywood Securities Inc. participated as a special selling group member in connection with the Offering.
The net proceeds from the Offering will be used for continued exploration and development of the company’s Iska Iska project in Bolivia.
About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia.
Eloro 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 approximately 89 square kilometres. La Victoria has good 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.
For further information please visit: https://www.elororesources.com/
