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Eloro Resources Ltd. Announces Acquisition of Shares and Warrants of Cartier Silver Corporation
Globenewswire· 2025-10-08 00:13
Core Points - Eloro Resources Ltd. has acquired 4,800,000 units of Cartier Silver Corporation at a price of C$0.125 per unit, totaling C$600,000 [1] - Each unit consists of one common share and one half of a common share purchase warrant, with each full warrant allowing the purchase of an additional common share at C$0.20 for 36 months [1] - Prior to the acquisition, Eloro owned 2,333,000 common shares (4.97% of outstanding shares) and 600,000 warrants [2] - Post-acquisition, Eloro now holds 7,133,000 common shares (12.61% of outstanding shares) and 3,000,000 warrants, representing 17.01% on a partially diluted basis [2] - The acquisition is for investment purposes, with no current plans for further actions regarding the securities [3] Company Overview - Eloro Resources Ltd. is an exploration and mine development company with properties in Bolivia, Peru, and Quebec [6] - The company has an option to acquire a 100% interest in the Iska Iska project, a significant polymetallic epithermal-porphyry complex in Bolivia [6] - Eloro also owns an 82% interest in the La Victoria Gold/Silver Project located in Peru [6]
Eloro Resources Makes a US$1.5 Million Option Payment for the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
Globenewswire· 2025-07-21 22:13
Core Viewpoint - Eloro Resources Ltd. has made a significant payment towards acquiring the Iska Iska silver-tin polymetallic project in Bolivia, indicating progress in its exploration and development strategy [1][2]. Group 1: Financial Transactions - Eloro made a US$1,500,000 option payment to Empresa Minera Villegas for the Iska Iska project, with a remaining payment of US$1,150,000 due by January 6, 2026 [1]. - The total payment required for Eloro to earn a 100% interest in Iska Iska is US$10,000,000, which includes a credit for US$1,800,000 incurred in exploration expenditures on the adjacent Mina Casiterita property [2]. Group 2: Project Details - The Iska Iska property is classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type located in the Potosi Department of southern Bolivia [3]. - Eloro also holds an 82% interest in the La Victoria Gold/Silver Project in Peru, which is strategically located near major gold mines [3].