Eloro Resources (TSE:ELO) has released an update.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into TSE:ELO stock, check out TipRanks’ Stock Analysis page.