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Posted On: 03/04/2024 3:56:37 PM
Post# of 153
NetworkNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports Amended Iska Iska Payment Schedule
Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), a leading exploration and mine development company, has amended the payment schedule for the remaining $10 million needed for the company to earn a 100% interest in the Iska Iska silver-tin polymetallic project in the Potosi Department, which is located in southern Bolivia. The amendment was made with the agreement of Empresa Minera Villegas S.R.L., which is the title holder of the Iska Iska project. According to the announcement, Eloro’s Bolivian subsidiary, Minera Tupiza S.R.L., has made advance payments of $4.9 million to date toward the $10 million option payment with the schedule amended to indicate the company will make three additional payments of $500,000 before April 30, 2025, with the remaining $3.6 million due on or before July 6, 2025.
NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://nnw.fm/ELRRF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), a leading exploration and mine development company, has amended the payment schedule for the remaining $10 million needed for the company to earn a 100% interest in the Iska Iska silver-tin polymetallic project in the Potosi Department, which is located in southern Bolivia. The amendment was made with the agreement of Empresa Minera Villegas S.R.L., which is the title holder of the Iska Iska project. According to the announcement, Eloro’s Bolivian subsidiary, Minera Tupiza S.R.L., has made advance payments of $4.9 million to date toward the $10 million option payment with the schedule amended to indicate the company will make three additional payments of $500,000 before April 30, 2025, with the remaining $3.6 million due on or before July 6, 2025.
NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://nnw.fm/ELRRF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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