The latest update is out from Eloro Resources ( (TSE:ELO) ).
Eloro Resources Ltd. has announced that its brokered private placement is oversubscribed, with plans to raise up to C$5 million through the sale of units consisting of common shares and warrants. The funds will be used for the continued exploration and development of the Iska Iska project in Bolivia, as well as for general corporate purposes and working capital. The offering is expected to close on April 8, 2025, subject to necessary approvals, and highlights the strong investor interest in Eloro’s exploration activities.
More about Eloro Resources
Eloro Resources Ltd. is a mining company focused on the exploration and development of mineral properties. The company is primarily engaged in the exploration of the Iska Iska project in southern Bolivia.
YTD Price Performance: 1.12%
Average Trading Volume: 91,326
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$76.05M
See more data about ELO stock on TipRanks’ Stock Analysis page.