| ELORO COMPLETES FINANCING |
Toronto, Canada: January 30, 2006 – Eloro Resources Ltd. (ELO: TSX Venture Exchange) (the “Company” or “Eloro”) is pleased to announce that it has completed its previously announced non-brokered private placement (the “Private Placement”) of 1,000,000 units (“Units”) of the Company at a price of $0.15 per Unit for gross proceeds of $150,000. Each Unit consists of one common share and one-half of one common share purchase warrant of the Company (the “Warrants”). Each whole Warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.20 at any time on or before July 30, 2007. The common shares and the Warrants to be issued pursuant to the Private Placement will be subject to a hold period which expires May 31, 2006.
 Read news release |
Eloro Resources Ltd. 30 Jan 2006 - 08:00 |
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