Eloro Resources Announces Further Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$11.0 Million

Core Viewpoint - Eloro Resources Ltd. has increased the gross proceeds of its private placement from C$10,000,400 to C$11,000,900 due to strong investor demand [1] Group 1: Offering Details - The Underwritten Offering will consist of 9,566,000 units priced at C$1.15 per unit, each unit comprising one common share and one-half of a warrant [1][2] - Each whole warrant allows the holder to purchase one common share at C$1.60 within 36 months after the closing date [2] - An Over-Allotment Option allows Red Cloud to purchase an additional 2,609,000 units for up to C$3,000,350, potentially raising total gross proceeds to C$14,001,250 if fully exercised [3] Group 2: Use of Proceeds - The net proceeds from the Offering will be allocated for the exploration and development of the Iska Iska project in Bolivia, along with general corporate purposes and working capital [4] Group 3: Regulatory and Closing Information - The Offering is set to close on September 4, 2025, subject to necessary approvals, including from the Toronto Stock Exchange [7] - The Units will be offered to purchasers in specific Canadian provinces and may also be sold in offshore jurisdictions, with certain exemptions from U.S. registration requirements [5][8] Group 4: Company Overview - Eloro Resources Ltd. is focused on exploration and mine development, holding properties in Bolivia, Peru, and Quebec, including a 100% interest in the Iska Iska Property [10]