- 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.
