Mr. Thomas Larsen reports
ELORO RESOURCES ANNOUNCES FINANCING
Eloro Resources Ltd. is proceeding with a non-brokered private placement of up to 10 million flow-through units of Eloro at a price of 20 cents per unit for proceeds of up to $2-million and up to 5,555,555 non-flow-through units of Eloro at a price of 18 cents per unit for additional proceeds of up to $1-million.
Each flow-through unit will consist of one common share to be issued on a flow-through basis under the Income Tax Act (Canada) (ITA) and one-half of one common share purchase warrant to be issued on a flow-through basis under the ITA. Each whole flow-through warrant will entitle the holder to purchase one non-flow-through common share of the company at a price of 40 cents per share for a term of 18 months provided that, if the average closing price for the common shares on the TSX Venture Exchange is at least 60 cents per share for 20 consecutive trading days (following the expiry of the four-month hold period), the flow-through warrants will expire unless they are exercised within 10 business days (or such longer period of time as the company may provide) after the company provides notice to accelerate the expiry date.
ELORO RESOURCES ANNOUNCES FINANCING
Eloro Resources Ltd. is proceeding with a non-brokered private placement of up to 10 million flow-through units of Eloro at a price of 20 cents per unit for proceeds of up to $2-million and up to 5,555,555 non-flow-through units of Eloro at a price of 18 cents per unit for additional proceeds of up to $1-million.
Each flow-through unit will consist of one common share to be issued on a flow-through basis under the Income Tax Act (Canada) (ITA) and one-half of one common share purchase warrant to be issued on a flow-through basis under the ITA. Each whole flow-through warrant will entitle the holder to purchase one non-flow-through common share of the company at a price of 40 cents per share for a term of 18 months provided that, if the average closing price for the common shares on the TSX Venture Exchange is at least 60 cents per share for 20 consecutive trading days (following the expiry of the four-month hold period), the flow-through warrants will expire unless they are exercised within 10 business days (or such longer period of time as the company may provide) after the company provides notice to accelerate the expiry date.
Bahnfahrn macht Spaß!!
Piratenpartei nur 2%!?
Piratenpartei nur 2%!?