Eloro Resources Targets C$3.96M in Capital Raise

Eloro Resources (TSE:ELO) has released an update.

Eloro Resources Ltd. is set to raise up to C$3.96 million through a non-brokered offering of 3.3 million units at C$1.20 each, featuring both a common share and a purchase warrant. The proceeds will fund the Iska Iska project’s development, property option payments, and general corporate activities. The offering is anticipated to close by March 27, 2024, conditional on certain approvals, including the Toronto Stock Exchange.

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