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CEO, others buying at Eloro Resources (V:ELO)

Updated Tuesday Feb 05, 2019 01:56 AM EDT

Thomas Larsen, CEO and Director, acquired 152,500 Common Shares at a price of $0.40 and 76,250 Warrants exercisable at $0.60 for a period of 18 months on an indirect ownership basis for registered holder Gambier Holdings Corp. through a prospectus or prospectus exempt offering on January 30th, 2019. This represents a $61,000 investment into the company's shares and an account share holdings change of 6.9%.

Under the same terms:

William Pearson, a Senior Officer, acquired 87,500 Common Shares and 43,750 Warrants on a direct ownership basis through a prospectus or prospectus exempt offering on January 30th, 2019. This represents a $35,000 investment into the company's shares and an account share holdings change of 60.3%.

Dusan Berka, a Director, acquired 12,500 Common Shares and 6,250 Warrants on an indirect ownership basis for registered holder Duster Capital Corp. through a prospectus or prospectus exempt offering on January 30th, 2019. This represents a $5,000 investment into the company's shares and an account share holdings change of 5.0%.

Eloro Resources is in the Gold Sub Industry Group under the Basic Materials Sector.

Eloro Resources Ltd. is an exploration-stage gold exploration and development company. The Company is engaged in the exploration and development of gold and base metal properties. The Company operates through the segment of mineral exploration in Peru. The Company has gold-silver property in Peru and base metal properties and royalties in the province of Quebec. The Company owns an option to earn approximately 60% interest in La Victoria, which is a copper-gold-silver property consisting of approximately eight concessions covering approximately 3,430 hectares in the Huandoval District, Pallasca Province, Ancash Department, in the North-Central Mineral Belt of Peru. The La Victoria property is located within approximately 50 kilometers of several producing gold mines. The option covers various concessions, including Ccori Orcco 1, Rufina, Rufina No. 2, San Felipe 1, San Felipe 2, San Markito, Santa Ana 1 and Victoria-APB. The Company has no revenues.

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Go to Eloro Resources Ltd. (ELO)'s company page

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