Loading ...Elero needs more money, so they did another dilutive private placement with a firm called Red Cloud. Issuing more shares at 1.15 Canadian ( equals .827/share in US dollars).
TORONTO, Aug. 22, 2025 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro” or the “Company”) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (“Red Cloud”), as sole underwriter and bookrunner, pursuant to which Red Cloud has agreed to purchase for resale 4,348,000 units of the Company (the “Units”) at a price of C$1.15 per Unit