Eloro Resources Ltd (TSXV: ELO) (OTCQX: ELRRF) that it has entered into an agreement with Cormark Securities Inc. pursuant to which the Underwriter has agreed to purchase, on a bought deal basis for gross proceeds to the company of C$5,000,060.
In addition, the Company has agreed to grant to the Underwriter an option to purchase up to an additional 15% of the number of Units sold under the Offering at a price per Unit equal to the Issue Price, on the same terms and conditions as the Offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Offering.
The net proceeds from the offering will be used for exploration and development at the company’s projects in Bolivia and Peru, and for general working capital and corporate purposes.
For further information please visit: https://www.elororesources.com/
