Eloro Resources ( (TSE:ELO) ) has provided an update.
Eloro Resources Ltd. has announced a brokered private placement to raise up to C$5 million through the sale of units, each consisting of one common share and one-half of a common share purchase warrant. The funds will be used for the continued exploration and development of the Iska Iska project in southern Bolivia, as well as for general corporate purposes and working capital. This strategic move is expected to bolster Eloro’s financial position and support its ongoing mining operations, potentially enhancing its market presence in the exploration and development sector.
More about Eloro Resources
Eloro Resources Ltd. is an exploration and mine development company with a portfolio of gold and base-metal properties.
YTD Price Performance: 22.47%
Average Trading Volume: 77,126
Technical Sentiment Signal: Buy
Current Market Cap: C$92.1M
Learn more about ELO stock on TipRanks’ Stock Analysis page.