Eloro Resources Grants Stock Options

TORONTO, March 03, 2022 (GLOBE NEWSWIRE) -- Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro” or the “Corporation”) announces the grant of stock options to directors and officers of the Corporation to purchase an aggregate of 1,025,000 common shares of Eloro, exercisable at $4.65 per share at any time on or before March 3, 2027. 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.

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