Eloro Resources Ltd. Announces Acquisition of Shares of Cartier Silver Corporation

Executive Summary

• Eloro Resources Ltd. acquired an additional 1,205,000 common shares of Cartier Silver Corporation for a total consideration of C$218,290, raising its ownership to 11.85% on an undiluted basis.
• The acquisition was executed on the open market at prices ranging from C$0.17 to C$0.21 per share and is being made for investment purposes only; no immediate strategic actions have been announced.
• Eloro filed an Early Warning Report pursuant to NI 62‑103, confirming that the transaction does not trigger any of the early‑warning thresholds outlined in Item 5(a)–(k).

Key Details

• Shares Acquired: 1,205,000 common shares of Cartier Silver Corp.
• Purchase Price Range: C$0.17 – C$0.21 per share.
• Total Consideration Paid: C$218,290.
• Pre‑Acquisition Ownership: 8,788,500 shares (10.42% undiluted) + 2,400,000 warrants (2.77% partially diluted).
• Post‑Acquisition Ownership: 9,993,500 shares (11.85% undiluted) + 2,400,000 warrants (14.29% partially diluted assuming full exercise).
• Purpose of Acquisition: Investment holdings; no current plans to influence Cartier Silver’s operations or trigger early‑warning thresholds.
• Regulatory Filing: Early Warning Report filed under National Instrument 62‑103; available on SEDAR+ website.
• Future Actions Stated: Eloro may consider additional purchases or disposals subject to regulatory constraints, but no definitive plans disclosed.

Notable Quotes

(No direct quotes were included in the release.)