Eloro Resources arranges $5-million bought deal

Executive Summary

• Eloro Resources Ltd. entered into a bought‑deal private placement with Red Cloud Securities Inc., selling 4,348,000 units at C$1.15 per unit for gross proceeds of approximately C$5.0 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant allows purchase at C$1.60 within 36 months).
• An overallotment option permits Red Cloud to purchase up to an additional 870,000 units for up to ~C$1.0 million; net proceeds are earmarked for exploration of the Iska Iska project in Bolivia and general corporate purposes.

Key Details

• Units Offered: 4,348,000 units at C$1.15 per unit → Gross proceeds: C$5,000,200.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant; each full warrant gives the holder the right to buy one additional common share at C$1.60 (exercisable any time up to 36 months after closing).
• Overallotment Option: Up to 870,000 additional units at the same price, potentially raising an extra C$1,000,500 in gross proceeds; option exercisable up to 48 hours before closing.
• Underwriter/Bookrunner: Red Cloud Securities Inc. (sole underwriter and bookrunner).
• Use of Proceeds: Primarily for continued exploration and development of the Iska Iska project in southern Bolivia, plus general corporate purposes and working capital.
• Regulatory Framework: Offered under NI 45‑106 listed‑issuer financing exemption (Part 5A) to residents of BC, AB, MB, SK, ON (and Quebec with consent). Subject to TSX approval and other customary conditions.
• Closing Date: Scheduled for September 4, 2025 (or earlier/later by mutual agreement).

Notable Quotes

(No direct quotes provided in the release.)