06:48 AM EDT, 10/08/2025 (MT Newswires) -- Eloro Resources ( ELRRF ) overnight Tuesday announced the acquisition of units of Cartier Silver Corporation ( CRTIF ) on a private placement basis for total consideration of C$600,000.

The company acquired 4.8 million units of Cartier Silver ( CRTIF ) priced at $0.125 each.

Each unit includes one common share and one half of a warrant of Cartier Silver ( CRTIF ), with each warrant allowing the holder to purchase one additional common share at a price of $0.20 each for a period of 36 months from issuance.

Eloro Resources ( ELRRF ) said that following completion of the private placement, it now beneficially owns or exercises control or direction over around 7.13 million common shares and 3 million warrants, representing 12.61% of the issued and outstanding common shares of Cartier Silver ( CRTIF ) on an undiluted basis, and 17.01% of the issued and outstanding common shares of Cartier Silver ( CRTIF ) on a partially diluted basis, assuming the full exercise of all of the warrants held by Eloro Resources ( ELRRF ) only.

The company said that it is buying the securities under the private placement for investment purposes.