| ELORO OPTIONS PROPERTIES FROM VIRGINIA MINES IN THE JAMES BAY MINING DISTRICT, ADDS CLAIMS IN EXTENSION TO ELORO’S SUMMIT-GABBRE PROPERTY |
Toronto, Canada, November 23, 2006 – Eloro Resources Ltd. (“Eloro” or the “Company”) (TSX-V: ELO) is pleased to announce that it has entered into an Option agreement (the “Agreement”) with Virginia Mines Inc. (“Virginia”) (TSX: VGQ) which would allow Eloro to acquire a 50% interest in three Virginia mineral properties consisting of 31 claims in the James Bay Mining District. Under the terms of the Agreement Eloro is required to spend C$ 1 million over a 5 year period to acquire the 50% interest on Virginia’s wholly owned Amelie Lake, Gaber and Sakami Extension Claim blocks (collectively, the "La Grande North Property”).
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Eloro Resources Ltd. 23 Nov 2006 - 14:33 |
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| ELORO ANNOUNCES $1,000,000 FINANCING WITH MINERALFIELDS GROUP |
Toronto, Canada: November 7, 2006 – Eloro Resources Ltd. (ELO: TSX Venture Exchange) (the “Company” or “Eloro”) announced today that a non-brokered private placement (the "Private Placement") of 1,538,461 Flow-Through Units (the "Units") to be issued on a "flow-through" basis under the Income Tax Act (Canada) at a price of 65 cents per Unit, for gross proceeds to the Company of $1,000,000 has been arranged with MineralFields Group.
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Eloro Resources Ltd. 7 Nov 2006 - 19:24 |
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