| ELORO COMPLETES FLOW-THROUGH FINANCINGS |
Toronto, Canada: December 30, 2005 – 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 MineralFields Group of 1,470,588 flow-through units (“FT Units”) of the Company at a price of $0.17 per FT Unit for gross proceeds of $250,000. Each FT Unit consists of one common share issued on a “flow through” basis under the Income Tax Act (Canada), 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 $0.22 at any time on or before June 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 1, 2006.
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Eloro Resources Ltd. 30 Dec 2005 - 08:00 |
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| ELORO ANOUNCES ADDITIONAL $250,000 FINANCING |
Toronto, Canada: December 23, 2005 – Eloro Resources Ltd. (ELO: TSX Venture Exchange) (the “Company” or “Eloro”) announced today that a non-brokered private placement (the "Private Placement") of 1,470,588 Flow-Through Units (the "Units") to be issued on a "flow-through" basis under the Income Tax Act (Canada) at a price of 17 cents per Unit , for gross proceeds to the Company of $250,000 has been arranged with MineralFields Group. Each Flow -Through Unit will consist of one common share (the “Common Shares”) to be issued on a “flow-through” basis under the Income Tax Act (Canada) and one -half of one non-transferable share purchase warrant of the Company (the “Flow-Through Unit Warrants”). Each whole Flow -Through Unit Warrant will entitle the holder to purchase one Common Share at a price of $0.22 per share for a period of 18 months.
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Eloro Resources Ltd. 23 Dec 2005 - 08:00 |
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| ELORO ANOUNCES $350,000 FINANCING |
Toronto, Canada: Decembe r 15, 2005 – Eloro Resources Ltd. (ELO: TSX Venture Exchange (“Eloro” or the “Company”) wishes to announce that it intends to complete a nonbrokered private placement (the “Private Placement”) of up to 1,176,470 Flow-Through Units of Eloro at a price of $0.17 per unit to be issued on a “flow-through” basis under the Income Tax Act (Canada), as well as up to 1,000,000 Units of the Company issued on a non “flow-through” basis, priced at $0.15 per unit for total proceeds of up to $350,000. Each Flow-Through Unit will consist of one common share (the “Common Shares”) to be issued on a “flow-through” basis under the Income Tax Act (Canada) and one-half of one non-transferable share purchase warrant of the Company (the “Flow -Through Unit Warrants”). Each whole Flow-Through Unit Warrant will entitle the holder to purchase one Common Share at a price of $0.22 per share for a period of 18 months. Each Unit will consist of one Common Share and one-half of one non-transferable share purchase warrant of the Company (the “Unit Warrants”). Each whole Unit Warrant will entitle the holder to purchase one Common Share at a price of $0.20 per share for a period of 18 months. The Private Placement is subject to regulatory approval. All securities issued pursuant to the Private Placement will be subject to the applicable statutory, exchange and regulatory hold period.
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Eloro Resources Ltd. 15 Dec 2005 - 08:00 |
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| ELORO NOT TO PROCEED WITH LANGLADE PROPERTY ACQUISITION - APPOINTS JEAN LAFLEUR |
Toronto, Canada: December 1, 2005 – Eloro Resources Ltd. (ELO: TSX Venture Exchange) (the “Company” or “Eloro”) announced today that it has elected not to proceed with the acquisition of the Langlade copper zinc property (the “Langlade Property”), as detailed in the Company’s June 21, 2005 press release.
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Eloro Resources Ltd. 1 Dec 2005 - 08:00 |
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