Eloro Resources Grants Stock Options
February 18 2020 - 3:56PM
Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q)
(“
Eloro”) announces the grant of options to
directors, officers, employees and consultants to purchase an
aggregate of 1,755,000 common shares of Eloro, exercisable at $0.40
per share at any time on or before February 18, 2025. The grant is
subject to TSX Venture Exchange acceptance and is made in
accordance with and subject to the terms of Eloro’s stock option
plan. In accordance with securities regulatory requirements, any
shares issued pursuant to the exercise of such options will be
subject to a resale restriction for a period of four months from
the date of the grant.
About Eloro Resources Ltd.
Eloro is an exploration and mine development
company with a portfolio of gold and base-metal properties in Peru
and Quebec. Eloro owns an 82% interest in the La Victoria
Gold/Silver Project, located in the North-Central Mineral Belt of
Peru some 50 km south of Barrick's Lagunas Norte Gold Mine and Pan
American Silver’s La Arena Gold Mine. La Victoria consists of eight
mining concessions and eight mining claims encompassing
approximately 89 square kilometres. The property has good
infrastructure with access to road, water and electricity and is
located at an altitude that ranges from 3,150 m to 4,400 m above
sea level.
For further information please contact
Jorge Estepa, Vice-President of Eloro Resources Ltd. at (416)
868-9168. Information in this news release may contain
forward-looking information. Statements containing forward-looking
information express, as at the date of this news release, the
Corporation's plans, estimates, forecasts, projections,
expectations, or beliefs as to future events or results and are
believed to be reasonable based on information currently available
to the Corporation. There can be no assurance that forward-looking
statements will prove to be accurate. Actual results and future
events could differ materially from those anticipated in such
statements. Readers should not place undue reliance on
forward-looking information. Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
release.
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