17:54:30 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Eloro Resources Ltd (3)
Symbol ELO
Shares Issued 60,603,526
Close 2021-04-15 C$ 3.99
Market Cap C$ 241,808,069
Recent Sedar Documents

Eloro Resources prospectus offering

2021-04-15 18:40 ET - Prospectus Approved

Effective March 18, 2021, the company's final short form prospectus dated March 18, 2021, qualifying the distribution of up to 5.8 million units of the company, excluding the underwriters' overallotment option, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Ontario Securities Commission as principal regulator. Under Multilateral Instrument 11-102, Passport System, the prospectus is deemed to have been filed with and receipted by each of the British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador securities commissions.

The TSX Venture Exchange has been advised that closing occurred on March 26, 2021, for aggregate gross proceeds of $25,012,500 (including the underwriters' overallotment option that was exercised in full).

Offering:  6.67 million units (including 870,000 units of the underwriters' overallotment option) (Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant being exercisable into one common share at $5.25 for a 24-month period, subject to accelerated expiry in certain circumstances.)

Unit price:  $3.75 per unit

Underwriters:  Haywood Securities Inc., Cantor Fitzgerald Canada Corp. and Cormark Securities Inc.

Underwriters' commissions:  an aggregate of $1,500,750 in cash and 400,200 non-transferable broker warrants (Each broker warrant entitles the holder to acquire one common share at $3.75 for a 24-month period.)

For further details, please refer to the company's short form prospectus dated March 18, 2021, and news releases dated March 2, 2021, March 3, 2021, March 8, 2021, March 24, 2021, and March 26, 2021.

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