| ELORO OPTIONS OTISH URANIUM PROPERTIES, ANNOUNCES SALE OF ADDITIONAL URANIUM PROPERTIES |
Toronto, Canada, January 30, 2008 – ELORO RESOURCES LTD. (ELO: TSX-V) (“Eloro”) is pleased to announce that it has signed a Letter Agreement (the “Agreement”) with Northfield Metals Inc. (“Northfield”) allowing Northfield to earn a 50% interest and operatorship in Eloro’s wholly-owned Otish Uranium North and South properties located in the Otish Mountains, Quebec (“Otish Uranium Properties”). Eloro is also pleased to announce the sale (“Sale”), to Northfield, of six wholly-owned uranium properties located in the James Bay District of Quebec (the “James Bay Uranium Properties”).
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Eloro Resources Ltd. 30 Jan 2008 - 14:13 |
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| Drilling Commences on Gold Bearing Massive Sulphide Target at Eloro’s Lemoyne North Property in James Bay District, Quebec and Eloro Acquires Property in Douglas Township, Ontario |
Toronto, Canada, January 22, 2008 – Eloro Resources Ltd. (TSX-V: ELO) (the “Company” or “Eloro”) is pleased to announce that a surface diamond drilling program has commenced on its 100% owned Lemoyne North Property by the Company’s option and joint venture partner NFX Gold Inc. (“NFX”).
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Eloro Resources Ltd. 22 Jan 2008 - 14:34 |
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| Eloro Completes $434,709 Financing |
Toronto, Canada: December 31, 2007 – 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 70,563 common share units (the “Units”) at a price of $0.55 per Unit as well as 659,833 Flow-Through Units (the “F-T Units”) at a price of $0.60 per F-T Unit for total gross proceeds of $434,709. The securities issued pursuant to the Private Placement are subject to a hold period which expires May 1, 2008.
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Eloro Resources Ltd. 22 Jan 2008 - 14:33 |
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| Eloro Completes $3,000,000 Financing with MineralFields Group |
Toronto, Canada: December 7, 2007 – 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") with the MineralFields Group of 5,000,000 Flow-Through Units (the "Units") issued on a "flow-through" basis under the Income Tax Act (Canada) at a price of 60 cents per Unit, for gross proceeds to the Company of $3,000,000. This represents the fifth “flow-through” private placement financing that Eloro is completing with MineralFields Group, having now completed five placements since December 2005 at price levels ranging from $0.17 to $0.80 for aggregate proceeds to Eloro totaling $5,750,000.
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Eloro Resources Ltd. 22 Jan 2008 - 14:32 |
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