Eloro Resources Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$5.0 Million

Core Viewpoint - Eloro Resources Ltd. has announced a private placement offering of 4,348,000 units at a price of C$1.15 per unit, aiming for gross proceeds of C$5,000,200 to fund exploration and development of the Iska Iska project in Bolivia [1][4] Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at C$1.60 within 36 months [2] - An over-allotment option allows Red Cloud to purchase an additional 870,000 units for gross proceeds of approximately C$1,000,500 [3] - The offering is scheduled to close on September 4, 2025, subject to necessary approvals [7] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the continued exploration and development of the Iska Iska project, along with general corporate purposes and working capital [4] Group 3: Regulatory Compliance - The units will be offered to purchasers in specific Canadian provinces under the Listed Issuer Financing Exemption, and may also be sold in offshore jurisdictions [5] - The securities offered have not been registered under the U.S. Securities Act and cannot be sold in the United States without applicable exemptions [8] Group 4: Company Overview - Eloro Resources Ltd. is focused on exploration and mine development, holding a portfolio of precious and base-metal properties in Bolivia, Peru, and Quebec [9] - The company has an option to acquire a 100% interest in the Iska Iska Property, which is classified as a polymetallic epithermal-porphyry complex [10]