Toronto, October 7, 2025 (Globe Newswire) – Elooro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro” or “Company”). In accordance with the regulatory requirements, the company (“purchaser”) announces the acquisition of 4,800,000 units (“Aits”) Cartier Silver Corporation (“issuer”) based on private placement at a price of 0.125 Canadian dollars per unit totaling 600,000 Canadian dollars. Each share consists of one ordinary action (“ordinary promotion”) and half of the same warrantist for the purchase of an ordinary promotion (each full warrantist – “warrant”) to the issuer, while each warrant gives the holder the right to acquire one additional ordinary promotion at the price of 0.20 Canadian dollars for an ordinary promotion within 36 months from the date of issue.
Immediately before the acquisition of the securities described above in this press release, the acquirer owned or controlled or managed over 2,333,000 ordinary shares, which is 4.97% of the issuer issued and in circulation on a non-taxed basis, and 600,000 warrants, each of which gives the acquirer the right to acquire one additional ordinary promotion, and such warrants represent the warrants. 1.05% of the number of ordinary shares in circulation. Private placement until the end. After the completion of the private placement, the acquirer is now a beneficial owner or controls or management of 7,133,000 ordinary shares and 3,000,000 warrants, which is 12.61% of the issuer issued and in circulation on an unsuccessful basis and 17.01% of the issuer issued and in circulation on a partially divorced basis, suggesting The full performance of all warrants belonging to the issuer. The acquirer only.
Securities acquired as part of private placement are acquired by the acquirer for investment purposes. In the future, taking into account regulatory restrictions, the acquirer can take such actions in relation to his stocks of securities that the acquirer can consider the appropriate circumstances that exist at that time, including the purchase of additional securities of the issuer through purchases in the open market or transactions for private negotiations or the sale of all or part of his securities of the issuer in the open market or within the open market or within the open market or within the open market or within the open market Transactions on private negotiations by one or several buyers. The acquirer does not have any current plans or future intentions that are connected or can lead to any events, transactions or circumstances listed in paragraphs (A)-(K) in the report on the early warning submitted www.Sedarplus.ca Simultaneously with the distribution of the press release (“Report of early warning”).
This press release is issued in accordance with the National Document 62-103 “The Early Warning System and related proposals for absorption and insider reporting in connection with the submission of an early warning report”. A copy of the report on the early warning submitted by the acquirer in connection with the acquisition will be available in the issuer profile on the Sedar+ website at the address: www.Sedarplus.ca. To receive additional information or a copy of the early warning report submitted by the acquirer, contact the acquirer at: (416) 818-4035.
The address of the issuer’s head office is located at: 20 ADELAIDE ST. East, Suite 200, Toronto, Ontario M5C 2T6.
About the company “Eloro resource LTD.”
Eloro is a company for the exploration and mining of minerals, which has a portfolio of gold and non -ferrous metal deposits in Bolivia, Peru and Quebec. Eloro has an option to purchase a 100% share in a high-passing project-ISK project, which can be classified as a polymetallic epitermal-porno complex, an important deposit of minerals in the Potosi Department in the south of Bolivia. The technical report NI 43-101 for ISKA ISKA, prepared by Micon International Limited, is available on the ELORO website and in its documents on SEDAR+. ISKA ISKA is a real estate object available on the road and does not require licensing deductions. Eloro also owns 82% of the La Victoria Gold/Silver Project project, located in the north-central mineral zone of Peru, about 50 km south of the gold mine Lagunas North and the gold mine lane.
To receive additional information, contact Thomas G. Larsen, the chairman and general director, or Horge Aestope, vice president by phone (416) 868-9168..
Information in this press release may contain forecast information. Applications containing forecast information at the release date of this press release express plans, assessments, forecasts, forecasts, expectations or beliefs of the company regarding future events or results and are considered reasonable based on information available at present company. There can be no guarantee that forecast statements will be accurate. Actual results and future events can differ significantly from expected in such statements. Readers should not rely on forecast information.
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