Eloro Resources Announces Upsize to Previously Announced Bought Deal Financing to $6.0 Million
TORONTO, July 28, 2023 (GLOBE NEWSWIRE) -- Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has amended the terms of its previously announced bought deal financing to increase the size of the offering to $6.0 million (the “Upsized Offering”).
- TORONTO, July 28, 2023 (GLOBE NEWSWIRE) -- Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has amended the terms of its previously announced bought deal financing to increase the size of the offering to $6.0 million (the “Upsized Offering”).
- The net proceeds from the Upsized Offering will be used for exploration and development at the Company’s projects in Bolivia, and for general working capital and corporate purposes.
- The Units will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Québec.
- The securities offered in the Upsized Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S.