On September 4, 2025, Eloro Resources Ltd. (the "Company"), a company listed on the Toronto Stock Exchange, completed an upsized bought deal private placement offering of 12,175,000 units at a price of C$1.15 per Unit pursuant to the listed issuer financing exemption (the “Offering”) for aggregate gross proceeds of C$14 million. The net proceeds of the of the Offering will be used for continued exploration and development of the Company's Iska Iska project in southern Bolivia, as well as for general corporate purposes and working capital.
Red Cloud Securities Inc. acted as sole underwriter and bookrunner of the Offering.
Fasken advised Eloro Resources Ltd. in connection with the Offering with a team comprising Krisztián Tóth, Myroslav Chwaluk, Kathryn McCoy, and Tom Chong (Student).
Jurisdiction
- Ontario
