Eloro Resources Announces $2,500,000 Non-Brokered Private Placement Offering

Core Viewpoint - Eloro Resources Ltd. is conducting a non-brokered private placement offering of up to 2,631,579 units at a price of C$0.95 per unit, aiming for gross proceeds of up to C$2,500,000 [1][3]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of C$1.40 within 36 months from the closing date [2]. - The offering is scheduled to close on May 2, 2025, subject to necessary approvals, including from the Toronto Stock Exchange [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the exploration and development of the Iska Iska project, as well as for general corporate purposes and working capital [3]. Group 3: Company Overview - Eloro Resources Ltd. is an exploration and mine development company with properties in Bolivia, Peru, and Québec, including a 100% interest in the Iska Iska Property, a polymetallic epithermal-porphyry complex [6]. - The company also holds an 82% interest in the La Victoria Gold/Silver Project located in Peru [6].