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

Executive Summary

• Eloro Resources Ltd. acquired 4,800,000 units of Cartier Silver Corporation for C$600,000, increasing its ownership to 12.61% of the issuer’s common shares on an undiluted basis.
• Each unit consists of one common share and half a warrant (full warrant gives the right to purchase one additional share at C$0.20 for 36 months).
• The acquisition is being made for investment purposes; Eloro may consider further purchases or disposals subject to regulatory constraints.

Key Details

• Units Acquired: 4,800,000 units @ C$0.125 per unit = total consideration of C$600,000.
• Unit Composition: 1 common share + ½ warrant (full warrant allows purchase of one additional common share at C$0.20).
• Pre‑acquisition Holding: 2,333,000 common shares (4.97% undiluted) and 600,000 warrants (1.05% of pre‑transaction outstanding shares).
• Post‑acquisition Holding: 7,133,000 common shares and 3,000,000 warrants, representing 12.61% of issued & outstanding common shares on an undiluted basis and 17.01% on a partially diluted basis (assuming full exercise of held warrants).
• Purpose: Investment; Eloro may later purchase additional securities or sell all/part of its holdings, subject to regulatory constraints.
• Regulatory Filing: Announcement made in accordance with NI 62‑103 (Early Warning System); Early Warning Report filed on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)