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Cours Or & Argent

Eloro Resources Ltd

Publié le 27 février 2007

Completes $500,000 Financing with MineralFields Group

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Mots clés associés :   Canada | Copper | Dollar | Uranium | Zinc |
Eloro Resources Ltd. Press Release

Eloro Completes $500,000 Financing with MineralFields Group

 

Toronto, Canada: February 27, 2007 - Eloro Resources Ltd. (ELO: TSX Venture Exchange) (the "Company" or "Eloro") is pleased to announce that it has completed its previously announced non-brokered private placement (the "Private Placement") with the MineralFields Group of 625,000 Flow-Through Units (the "Units") issued on a "flow-through" basis under the Income Tax Act (Canada) at a price of 80 cents per Unit, for gross proceeds to the Company of $500,000. This represents the fourth "flow-through" private placement financing that Eloro has completed with the MineralFields Group, at price levels ranging from $0.17 to $0.80 for aggregate proceeds to Eloro totaling $2,750,000 since December 2005.

 
Each Flow-Through Unit consists of one common share (the "Common Shares") issued on a "flow-through" basis under the Income Tax Act (Canada) and one non-transferable share purchase warrant of the Company (the "Unit Warrants"). Each Unit Warrant has a term of 24 months (the "Term") and will entitle the holder to purchase one Common Share at a price of $1.25 per share in the first year of the Term and $2.00 in the second year of the Term. Pursuant to the Private Placement, if the average closing price of the Common Shares is over $1.45 for a period of 20 consecutive trading days (following the expiry of the hold period) in the first year of the Term, or $2.20 in the second year of the Term, the Unit Warrants must be exercised within ten business days of receiving written notice from Eloro or they are to be terminated.
 
All securities to be issued pursuant to this Private Placement are subject to a four-month hold period. In connection with the Private Placement, the Company paid a finder's fee to Limited Market Dealer Inc. ("LMD"), an arm's length party, equal to 5% of the completed Private Placement, and further, the Company issued 62,500 finder's fee share purchase warrants to LMD, entitling LMD to purchase 62,500 common shares of the Company on the same terms as the Unit Warrants.
 
The net proceeds of the Private Placement will be used to finance continued exploration programs at Eloro's Hurdman Zinc Silver Gold Property, located in northeastern Ontario.
 
About Eloro
 
Eloro Resources Ltd. is a junior exploration company focused on discovering and developing precious and base metal quality resources in the James Bay District of northern Quebec and the Timmins Camp of northern Ontario. Eloro currently has 19 gold-copper-silver and uranium properties covering 425 square kilometres in the La Grande and Eastmain Greenstone Belts, proximal to Goldcorp's Eleonore Gold Prospect. Eloro has recently signed a Letter of Agreement with Virginia Mines Inc. ("Virginia"), allowing Eloro to acquire a 50% interest in three Virginia mineral properties consisting of 31 claims in the James Bay Mining District (refer to Eloro's press release dated November 23, 2006). In June 2006 Eloro signed a Letter of Agreement with IAMGOLD Corporation (formerly Cambior Inc.) allowing IAMGOLD to earn a 50% interest in the Lemoyne North, Sakami East and Ta�ga claim blocks, by spending C$ 2 million in exploration work on or before June 30, 2010 (refer to Eloro's press release dated June 8, 2006).
 

About MineralFields

 
MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar limited partnerships to investors throughout the world.  Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds.Information about MineralFields Group is available at www.mineralfields.com
 
For further information please contact:
 
Thomas G. Larsen, the President of Eloro, at (416) 868-9168.
 
ELO - TSX Venture Exchange
 
 
 
 

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 

(Not for dissemination in the United States of America)

 

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Eloro Resources Ltd.. | 55 Adelaide Stret East | Suite 410 | Toronto | M5C 1K6 | Canada
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Eloro Resources Ltd

EXPLORATEUR
CODE : ELO.V
ISIN : CA2899002018
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Eloro Res. est une société d’exploration minière d'argent basée au Canada.

Eloro Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont HURDMAN, SIMKAR, JAMES BAY URANIUM, LEMOYNE NORTH et SUMMIT-GABBRE au Canada.

Eloro Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 109,9 millions CA$ (87,9 millions US$, 82,8 millions €).

La valeur de son action a atteint son plus haut niveau récent le 26 mars 2010 à 8,80 CA$, et son plus bas niveau récent le 07 novembre 2014 à 0,04 CA$.

Eloro Res. possède 31 040 000 actions en circulation.

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Rapports annuels de Eloro Resources Ltd
Annual report 2007
Attributions d'options de Eloro Resources Ltd
01/04/2011Retains European Investor Relations Firm
Projets de Eloro Resources Ltd
30/05/2016Eloro Resources and Tartisan Resources Enter into Agreement ...
10/10/2013(Simkar)Announces Commencement of 8,000 Metre Drilling Program at Si...
21/03/2011(Simkar)Announces Completion of Acquisition of Simkar Gold Property ...
22/07/2008(James Bay Uranium)Initiates Second Drilling Campaign at the Delta Property; Ta...
16/07/2008(Charlevoix Property)Completes Acquisition of Strategic Hydrocarbon (Gas) Land Pa...
12/06/2008(Charlevoix Property)Signs Agreement to Acquire a Strategic Hydrocarbon (Gas) Lan...
05/05/2008(Hurdman)DEEP-EM SURVEY INITIATED ON ELORO'S HURDMAN ZINC-SILVER PROP...
22/01/2008(Lemoyne North)Drilling Commences on Gold Bearing Massive Sulphide Target a...
15/05/2007(Hurdman)Continues Intersecting Zinc-Silver-Gold at Hurdman Property,...
Communiqués de Presse de Eloro Resources Ltd
07/07/2016Eloro Resources Retains European Investor Relations Firm
10/06/2016Eloro Resources Commences Exploration on La Victoria Gold-Si...
03/06/2016Eloro Resources Announces Changes to Management
24/05/2016Eloro Resources Sells Royalty Interests in the Val d'Or Gold...
11/05/2016Eloro Resources Completes $400,000 Financing
09/05/2016Eloro Resources Announces $350,000 Financing
09/05/2016Eloro Resources Increases Financing to $400,000 and Closes F...
08/10/2015Eloro Extends Rufina East and West Mineralized Zones
28/08/2015Eloro Resources Announces Financing and Proposed Shares-for-...
12/08/2015Eloro Reports Assays from Rufina East New Mineralized Zone C...
30/03/2015DNI Metals Inc. and Great Lakes Graphite Provide Supply Agre...
23/03/2015DNI Metals Inc. Signs Graphite Supply Agreement with Great L...
02/03/2015Eloro Resources and Tartisan Resources Announce Sample Assay...
02/03/2015and Tartisan Resources Announce Sample Assay Results Contain...
27/02/2015Eloro Resources Grants Stock Options
19/02/2015Eloro Resources Completes Financing
05/02/2015Eloro Resources Announces Financing
29/01/2015Eloro Resources Grants Stock Options
26/01/2015Eloro Resources Closes Shares-for-Debt Transactions
19/12/2014Eloro Resources Announces Proposed Shares-For-Debt Transacti...
09/12/2014Eloro Reports on Discovery of Polymetallic Boulders by Visib...
30/09/2014Eloro Resources Announces Completion of Consolidation of Sha...
23/09/2014Eloro Resources Announces Consolidation of Its Shares
03/07/2014Eloro Resources Signs Definitive Agreement to Option La Vict...
06/06/2014Eloro Sells Remaining Interest in the Simkar Gold Project
17/10/2013(Simkar)d Mineral Resource Estimate at Simkar Gold Project
17/10/2013(Simkar)d Mineral Resource Estimate at Simkar Gold Project
23/09/2013(Simkar)Closes Transactions with Monarques Resources-Sells 50% Inter...
08/08/2013(Simkar)Enters Into Transactions With Monarques Resources-Agrees to ...
29/04/2011Appoints Director of Investor Relations
05/06/2008from Eloro Resources Ltd. and NFX Gold Inc. from Streetwise ...
09/04/2008Options Property to Fletcher Nickel
26/03/2008 Drills Significant Sulphide Mineralization at Delta Propert...
30/01/2008Options Otish Uranium Properties, Announces Sale of Addition...
07/12/2007Completes $3,000,000 Financing with MineralFields Group
14/11/2007 Announces Additional $1,000,000 Financing
12/11/2007 Announces Additional $3,000,000 Financing with MineralField...
02/11/2007COMMENCES DRILLING AT AMELIE LAKE
18/10/2007EXPANDS ITS URANIUM PROPERTY HOLDINGS IN THE OTISH MOUNTAINS...
11/10/2007Updates Delta Project
20/09/2007Retains AGORACOM to Provide Online Investor Relations and So...
05/07/2007Acquires Otish Uranium Properties Near Strateco's Matoush Di...
27/02/2007Completes $500,000 Financing with MineralFields Group
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