On April 8, 2025, Eloro Resources Ltd. (“Eloro”, or the “Company), completed a “best efforts” private placement offering of units of the Company (the “Offering”) for gross proceeds of approximately C$5.3 million pursuant to the listed issuer financing exemption. The net proceeds of the Offering will be used for continued exploration and development of the Company's Iska Iska silver-tin project in southern Bolivia, as well as for general corporate purposes and working capital.
The Offering was led by Red Cloud Securities Inc., as lead agent and sole bookrunner, on behalf of a syndicate of agents that included CIBC World Markets Inc. Canaccord Genuity Corp. and Haywood Securities Inc.
Fasken advised Eloro with a team led by Krisztián Tóth and Myroslav Chwaluk and that included Onyi Ubah, Chelsea Young, Teresa Li, and Cara Arsenault (Mining, Capital Markets).
Jurisdiction
- Ontario
