Eloro Resources Ltd. (TSXV: ELO) has closed its previously announced bought deal financing for total gross proceeds of C$10,919,570.
The Offering was led by Cantor Fitzgerald Canada Corporation as lead underwriter and sole bookrunner, with Cormark Securities Inc., Haywood Securities Inc., National Bank Financial Inc., Scotia Capital Inc., and Stifel Nicolaus Canada Inc. (collectively with Cantor, the Underwriters) as part of the syndicate of underwriters.
The net proceeds from the Offering will be used for exploration and development at the company’s projects in Bolivia, and for general working capital and corporate purposes as set out in the Prospectus Supplement.
As consideration for the services provided by the Underwriters in connection with the Offering, the Underwriters received a cash commission of C$655,174 equal to 6% of the gross proceeds of the Offering.
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.
For further information please visit: https://elororesources.com/