Eloro Resources Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$17 Million

Eloro Resources Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$17 Million

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Eloro Resources Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$17 Million – Resource World Magazine

Eloro Resources Ltd. (TSX: ELO; FSE: P2QM) (“Eloro” or the “Company”) is pleased to announce the closing of its previously announced “bought deal” private placement (the “Offering”) for gross proceeds of C$17,000,360, which includes the exercise in full of the over-allotment option. Pursuant to the Offering, the Company sold 6,538,600 common shares of the Company (the “Common Shares”) at a price of C$2.60 per Common Share (the “Offering Price”).