| ELORO SIGNS DEFINITIVE AGREEMENT ON MINERAL PROPERTIES |
Toronto, Canada: January 26, 2005 - Eloro Resources Ltd. (ELO.H: NEX) (the "Company" or "Eloro") is pleased to announce that it has completed its previously announced acquisition (the "Acquisition") of the precious and base metal mining projects (collectively, the "Projects") located within the Timmins and Kirkland Lake mining camps located in Northern Ontario from 2060014 Ontario Inc. and Don Mc Holdings Ltd. The Acquisition was previously announced by the Corporation on October 18, 2004. The common shares issued in connection with the Acquisition are subject to hold periods as follows: 500,000 shares are subject to a four month hold period, 1,500,000 shares are subject to an eight month hold period, and 500,000 shares are subject to a twelve month hold period.
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Eloro Resources Ltd. 26 Jan 2005 - 08:00 |
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