Eloro Resources Announces Financing
Eloro Resources Announces Financing
Toronto, Canada, November 30, 2018 – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro” or the
“Corporation”) is pleased to announce that it is proceeding with a non-brokered private placement (the “Private
Placement”) of up to 625,000 units of Eloro at a price of $0.40 per unit (“Units”) for proceeds of up to $250,000.
Each Unit will consist of one common share (“Common Share”) and one half of one Common Share purchase
warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase one Common Share at a price of
$0.60 per share for a term of 18 months following the closing of the Private Placement.
The proceeds of the Private Placemen t will be used for working capital pur poses. The Private Placement is
subject to approval by the TSX Venture Exchange. Directors and officers of the Corporation will be participating
in the Private Placement. All securities issued pursuant to the Private Placement will be subject to the applicable
statutory four-month hold period.
About Eloro Resources Ltd.
Eloro is an exploration and mine development company wi th a portfolio of gold and base-metal properties in
Peru and Quebec. Eloro owns a 90% interest in the La Victoria Gold/Silver Project, located in the North-Central
Mineral Belt of Peru some 50 km south of Barrick's Lagunas Norte Gold Mine and Tahoe's La Arena Gold Mine.
La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89
square kilometres. The property has good infrastructure with access to road, water and electricity and is located
at an altitude that ranges from 3,100 m to 4,200 m above sea level.
For further information please contact Jorge Estepa, Vice-President of Eloro Resources Ltd. at (416)
868-9168.
Information in this news release may contain forward-look ing information. Statements c ontaining forward-looking
information express, as at the date of this news release, the Corporation's pl ans, estimates, forecasts, projections,
expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently
available to the Corporation. There can be no assurance that forward-looking statements will prove to be accurate. Actual
results and future events could differ materially from those anticipated in such statements. Readers should not place undue
reliance on forward-looking information. Neither the TSXV nor its Regulation Services Provid er (as that term is defined in
the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
20 Adelaide Street East, Suite 200, Toronto, Ontario CANADA M5C 2T6 Tel.: (416) 868-9168 Fax: (416) 361-1333
TSX.V Symbol: ELO www.elororesources.com