Eloro Resources Retains the Services of Stockhouse and Grants Stock Options
Eloro Resources Retains the Services of Stockhouse and Grants Stock Options
Toronto, Canada, June 10, 2020 – Eloro Resources Lt d. (TSX-V: ELO; FSE: P2Q) (“Eloro ” or the
“Corporation ”) is pleased to announce it has retained the servi ces of Stockhouse Publishing Ltd.
(“Stockhouse”) to bring increased market and investor awareness to the Corporation. Under the terms of
the engagement, Stockhouse has been retained for a 12-month period at $75,000 (the “Agreement”).
Stockhouse is Canada’s #1 financial portal and one of North America’s largest small cap investor
communities. With over 1 million unique visitors a month, Stockhouse.com is the global hub for investors
to find relevant financial news, access expert analysis and opinion and share knowledge and information
with each other. Stockhouse is an authoritative sou rce of natural resource and small cap financial
information and news and is a leading financial med ia company that serves financial institutions, publ ic
companies, media publishers and brand advertisers.
Stockhouse and its affiliates are at arm’s length to the Corporation. The Agreement is subject to acceptance
by the TSX Venture Exchange.
Eloro also announces the grant of options to directors, officers, employees and consultants to purchase an
aggregate of 1,005,000 common shares of Eloro, exercisable at $0.60 per share at any time on or before
June 10, 2025. The grant is subject to TSX Venture Exchange acceptance and is made in accordance with
and subject to the terms of Eloro’s stock option plan. In accordance with securities regulatory requirements,
any shares issued pursuant to the exercise of such options will be subject to a resale restriction for a period
of four months from the date of the grant.
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 I ska
Iska Property, which can be classified 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 concessi ons and eight mining 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.
For further information please contact either Thoma s G. Larsen, President and CEO or
Jorge Estepa, Vice-President at (416) 868-9168.
Information in this news release may contain forwar d-looking information. Statements containing forward
looking information express, as at the date of this news release, the Corporation’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 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.
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
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.