NetworkNewsBreaks – Eloro Resources Ltd. (TSX.V:
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Posted On: 02/28/2023 3:31:54 PM
NetworkNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Well Poised Following Successful Capital Raise
Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, recently announced that it had successfully concluded its fully underwritten primary share placement. “The offering, which consisted in Eloro issuing 3,466,540 primary shares at a price of C$3.15 per share, raised total gross proceeds of C$10,919,570; the figure also includes shares granted as part of the over-allotment option granted to underwriters… Eloro Resources has revealed that the net proceeds derived from the offering will be destined toward exploration and development purposes at the company’s ongoing mining projects in Bolivia as well as for general working capital and corporate purposes,” a recent article reads. “The company has now set its sights toward completing and publishing initial resource estimates for the Iska Iska project by March 2023, a process that is being carried out in collaboration with mining consultancy Micon International. Following the company’s successful capital-raising exercise and benefitting from exponential demand growth for both silver and tin as a result of the ongoing global transition toward renewable energy resources, Eloro Resources looks well placed to capitalize on any forthcoming discoveries in the coming months.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, recently announced that it had successfully concluded its fully underwritten primary share placement. “The offering, which consisted in Eloro issuing 3,466,540 primary shares at a price of C$3.15 per share, raised total gross proceeds of C$10,919,570; the figure also includes shares granted as part of the over-allotment option granted to underwriters… Eloro Resources has revealed that the net proceeds derived from the offering will be destined toward exploration and development purposes at the company’s ongoing mining projects in Bolivia as well as for general working capital and corporate purposes,” a recent article reads. “The company has now set its sights toward completing and publishing initial resource estimates for the Iska Iska project by March 2023, a process that is being carried out in collaboration with mining consultancy Micon International. Following the company’s successful capital-raising exercise and benefitting from exponential demand growth for both silver and tin as a result of the ongoing global transition toward renewable energy resources, Eloro Resources looks well placed to capitalize on any forthcoming discoveries in the coming months.”
Please see full 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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