On March 6, 2026, Eloro Resources Ltd. (the "Company"), a company listed on the Toronto Stock Exchange, completed an upsized bought deal private placement offering of 6,538,600 common shares at a price of C$2.60 per Common Share pursuant to the listed issuer financing exemption (the “Offering”) for aggregate gross proceeds of C$17 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. and Cantor Fitzgerald Canada Corporation acted as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters including Haywood Securities Inc.
Fasken advised Eloro Resources Ltd. in connection with the Offering with a team comprising Krisztián Tóth, Myroslav Chwaluk, Terence Bernard, and Mai Khalife.
Jurisdiction
- Ontario
