Eloro Resources Ltd. Commences Trading on OTCQX
Eloro Resources Ltd. Commences Trading on OTCQX
Toronto, Canada, August 20, 2020 – Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF;
FSE: P2Q) (“Eloro”, or the “Company”) is pleased to announce it has qualified to trade on the
OTCQX® Best Market. Eloro upgraded to OTCQX from the Pink® market.
Eloro begins trading today on OTCQX under the symbol “ELRRF”. U.S. investors can find current
financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .
Upgrading to the OTCQX Market is an important step for companies seeking to provide
transparent trading for their U.S. investors. For companies listed on a qualified international
exchange, streamlined market standards enable them to utilize their home market reporting to
make their information available in the U.S. To qua lify for OTCQX, companies must meet high
financial standards, follow best practice corporate governance and demonstrate compliance with
applicable securities laws.
”This is a significant milestone for Eloro and its shareholders,” stated Thomas Larsen, Eloro’s
Chief Executive Officer. “We are very pleased to begin trading on the OTCQX as it will increase
our visibility and profile in the capital markets and in the mining industry. It will also offer enhanced
exposure and accessibility to an expanded U.S. mark et of precious metals investors which will
positively impact our shareholder base.”
B. Riley FBR acted as Eloro’s OTCQX sponsor. B. Riley FBR is the operating name for B. Riley
Securities, Inc., a full-service investment bank and subsidiary of B. Riley Financial, Inc., is based
in Los Angeles with offices across the United States, providing corporate finance, research, sales
and trading services.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB®
Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC
Link® ATS and OTC Link ECN, we connect a diverse ne twork of broker-dealers that provide
liquidity and execution services. We enable investors to easily trade through the broker of their
choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed a nd more efficient markets, visit
www.otcmarkets.com . OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by
OTC Link LLC, member FINRA/SIPC.
About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of gold and base-metal
properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly
20 Adelaide Street East, Suite 200, Toronto, Ontari o CANADA M5C 2T6 Tel.: (416) 868-9168 Fax: (416) 3 61-1333
TSX.V Symbol: ELO www.elororesources.com
prospective Iska Iska Property, which can be classi fied as a polymetallic epithermal-porphyry
complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro
recently commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by
Micon International Limited and is available on Eloro’s website and under its filings on SEDAR.
Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% 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 Pan American Silver’s La Arena Gold Mine. La Victoria
consists of eight mining concessions and eight mini ng claims encompassing approximately 89
square kilometres. La Victoria has good infrastructure with access to road, water and electricity
and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Information in this news release may contain forward-looking information. Statements containing
forward looking information express, as at the date of this news release, the Company’s plans,
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 Company. There can
be no assurance that statements of forward-looking information will prove to be accurate. Actual
results and future events could differ materially f rom those anticipated in such statements.
Readers should not place undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORM ATION PLEASE CONTACT:
Thomas G. Larsen (President & CEO) Jorge Estepa (Vice -President)
[email protected] [email protected] om
ELORO RESOURCES LTD
20 Adelaide Street East, Suite 200 PHONE (416) 868-9168 | FAX (416) 361-1333
Toronto, Ontario, Canada M5C 2T6 www.elororesources.com