| ELORO INCREASES FLOW-THROUGH FINANCING TO $700,000 |
Toronto, Canada: December 18, 2009 – Eloro Resources Ltd. (ELO: TSX Venture Exchange) (the “Company” or “Eloro”) announces that further to its announcement dated December 1, 2009, it is increasing the amount and working towards the completion of a non-brokered private placement (the “Private Placement”) of up to 5,833,333 Flow-Through Units of Eloro at a price of $0.12 per unit (“F-T Units”) for total proceeds of up to $700,000. The terms of the Private Placement were detailed in the December 1, 2009 announcement and remain unchanged with the exception of the increase in the offering up to 5,833,333 F-T Units from up to 4,166,666 Units. The Company anticipates closing the Private Placement prior to, but no later than, December 31, 2009. The Company also wishes to confirm that the Company’s management, directors and insiders are not in possession of any undisclosed material information pertaining to the Company’s operations.
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Eloro Resources Ltd. 18 Dec 2009 - 19:42 |
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| ELORO COMPLETES $1,000,000 FINANCING |
Toronto, Canada: December 16, 2009 – Eloro Resources Ltd. (ELO: TSX Venture Exchange) (the “Company” or “Eloro”) announces the completion of its previously announced non-brokered private placement (the “Private Placement”), subject to final TSX Venture Exchange acceptance. Eloro issued 10,000,000 units (“Units”) at a price of $0.10 per Unit for total proceeds of $1,000,000. Each Unit consists of one common share (a “Common Share”) and one half of one share purchase warrant (a “Unit Warrant”) of the Company. Each whole Unit Warrant has a term of 18 months and entitles the holder to purchase one Common Share at a price of $0.15 per share at any time on or before June 16, 2011. Three directors and one officer of the Company subscribed for 4,600,000 Units in aggregate for proceeds of $460,000. All securities issued pursuant to the Private Placement are subject to the applicable statutory, exchange and regulatory hold period expiring April 17, 2010. The net proceeds of the Private Placement will be used for working capital purposes.
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Eloro Resources Ltd. 17 Dec 2009 - 07:05 |
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| ELORO ANNOUNCES $800,000 FINANCING |
Toronto, Canada: October 1, 2009 – Eloro Resources Ltd. (ELO: TSX Venture Exchange) (the “Company” or “Eloro”) is pleased to announce that it is proceeding with a non-brokered private placement (the “Private Placement”) of up to 8,000,000 Units of Eloro at a price of $0.10 per unit (“Units”) for total proceeds of up to $800,000.
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Eloro Resources Ltd. 16 Dec 2009 - 11:41 |
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| ELORO ANNOUNCES $500,000 FINANCING |
Toronto, Canada: December 1, 2009 – Eloro Resources Ltd. (ELO: TSX Venture Exchange) (the “Company” or “Eloro”) is pleased to announce that it is proceeding with a non-brokered private placement (the “Private Placement”) of up to 4,166,666 Flow-Through Units of Eloro at a price of $0.12 per unit (“ F-T Units”) for total proceeds of up to $500,000.
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Eloro Resources Ltd. 2 Dec 2009 - 13:26 |
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