Eloro Resources Completes Discounted Bought Deal

Eloro Resources (TSX.V: ELO)

Announced that it has entered into an agreement pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 1,538,480 units at a price of C$3.25 per Unit for gross proceeds to the Company of C$5,000,060.

This is around a 25% discount to the prevailing price at the time of announcement.  […]  Continue reading