| Home : Eloro Resources Enters Into Transactions With Monarques Resources-Agrees to Sell 50% Interest in Its Simkar Gold Project and Announces Private Placement |
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Aug 09
2013 |
Eloro Resources Enters Into Transactions With Monarques Resources-Agrees to Sell 50% Interest in Its Simkar Gold Project and Announces Private Placement |
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TORONTO, ONTARIO--(Marketwired - Aug. 8, 2013) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro", or the "Company") is pleased to announce the sale of a 50% equity interest in its Simkar Gold Project (the "Property") to Monarques Resources Inc. ("Monarques") (TSX VENTURE:MQR) and the issuance to Monarques of 8 million shares of Eloro by way of private placement. The Property comprises two contiguous mining concessions and eleven mineral claims in the Val-d'Or Gold Mining Camp, approximately 20 km east of Val-d'Or. |
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| Source:http://www.marketwire.com/mw/release.do?id=1819197&sourceType=3 |
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