Source: Eloro Resources.
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  • Eloro Resources (ELO) has closed a bought deal financing for gross proceeds of C$9,775,057.50
  • The company issued 3,007,710 units priced at $3.25 per unit
  • Net proceeds will be used to fund continued exploration of the Iska Iska project in Bolivia
  • Eloro Resources is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec
  • Eloro Resources Ltd. (ELO) opened trading at C$3.35 per share

Eloro Resources (ELO) has closed a bought deal financing for gross proceeds of C$9,775,057.50.

The company issued 3,007,710 units priced at $3.25 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional share at a price of C$4.75 for a period of 24 months.

The offering included the full exercise of the over-allotment option. 

The net proceeds will be used for continued exploration of the Iska Iska project in Bolivia.

Eloro Resources is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec.

Eloro Resources Ltd. (ELO) opened trading at C$3.35 per share. 

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