Eloro Resources Raises C$14 Million in Private Placement-March 2024-www.financetom.com

Eloro Resources Raises C$14 Million in Private Placement

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Eloro Resources Raises C$14 Million in Private Placement

Sep 4, 2025 9:30 AM

12:00 PM EDT, 09/04/2025 (MT Newswires) -- Eloro Resources ( ELRRF ) Thursday said it closed its previously announced "bought deal" private placement for C$14 million, which includes the exercise in full of the over-allotment option.

The company, pursuant to the offering, sold 12.2-million units at $1.15 a piece. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to buy a share at C$1.60 on or before Sept. 4, 2028

Proceeds will be used for continued exploration and development of the Iska Iska project in southern Bolivia as well as general corporate purposes and working capital needs.

Shares of the company were last seen down about 1% at $1.07 on the Toronto Stock Exchange.

Price: 1.07, Change: -0.01, Percent Change: -0.93

Previous page： IOC to build nine more crude oil tanks at Adani's Mundra port Next page： MEIL to commission 15 oil and gas rigs for ONGC by May

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

IOC to build nine more crude oil tanks at Adani's Mundra port

Mar 8, 2022

IOC will expand its existing crude oil tank farm at APSEZ's Mundra Port, thus enabling it to handle and blend additional 10 million tonnes of crude oil at Mundra. "This will support IOC's expansion of its Panipat refinery in Haryana," the statement said.

MEIL to commission 15 oil and gas rigs for ONGC by May

Mar 8, 2022

The MEIL will be manufacturing and supplying all the rigs to the ONGC assets in Assam (Sibsagar, Jorahat), Andhra Pradesh (Rajahmundry), Gujarat (Ahmedabad, Ankaleshwar, Mehasana and Cambay), Tripura (Agartala) and Tamil Nadu (Karaikal).

PLI: Govt reopens application window for AC, LED lights

Mar 7, 2022

42 firms, including Daikin, Panasonic, Syska and Havells, with committed investment of Rs 4,614 crore, have been provisionally selected as beneficiaries under the PLI scheme for the white goods sector (AC and LED lights). The commerce and industry ministry, in a statement, said the application window for the scheme will now again open from March 10 to April 25 this year.

Not concerned about elevated energy prices: Shree Digvijay Cement's Anil Singhvi

Mar 9, 2022

Raamdeo Agrawal, Chairman & Co-founder of Motilal Oswal Financial Services spoke to CNBC-TV18 and said cement is one sector, which perhaps will get hit at least in the short term and that will depend on what they are able to pass on in terms of price increases, which they are facing. Speaking to CNBC-TV18, Anil Singhvi, Executive Chairman of Shree Digvijay Cement said that they are not concerned about elevated energy prices at this point.