Eloro Resources Retains Independent Trading Group as Market Maker
Eloro Resources Retains Independent Trading Group as Market Maker
Toronto, Canada, October 9 , 20 20 – Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF;
FSE: P2QM; “Eloro ” or the “ Company ”) is pleased to announce that it has retained Independent
Trading Group Inc. ("ITG") to provide market-making services in accordance with TSX Venture
Exchange ("TSX.V") policies. ITG will trade shares of the Company on the TSX.V for the purposes
of maintaining an orderly market and improving the liquidity of the Company's shares.
ITG will not receive shares or options as compensation. However, ITG and its clients may have
or may acquire a direct interest in the securities of the Company. Eloro and ITG are unrelated
and unaffiliated entities. ITG is a member of the I nvestment Industry Regulatory Organization of
Canada ("IIROC") and can access all Canadian Stock Exchanges and Alternative Trading Systems.
The capital and securities required for any trade undertaken by ITG as principal will be provided
by ITG.
The agreement is for an open-ended term of at least three months which may be terminated on
30 days' notice. Following the initial three-month term, the fee for the market making services is
$5,000 monthly. The fees, including $10,500 for the initial term, will be paid by the Company from
its working capital resources.
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
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
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
the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Thomas G. Larsen (President & CEO) Jorge Estepa (Vi ce-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