Aloro Announces Private Placement

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Last update: Mar 20, 2023

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VANCOUVER, British Columbia, March 20, 2023 (GLOBE NEWSWIRE) -- ALORO MINING CORP. – (the “Company”) is pleased to announce a non-brokered private placement financing (the “Financing”) of up to 10,000,000 units (each, a “Unit”) of the Company at a price of $0.05 per Unit for gross aggregate proceeds of up to $500,000. Each Unit will consist of one common share of the Company (each, a “Share”) and one Share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder thereof to purchase one additional Share (each, a “Warrant Share”) of the Company at a price of $0.15 per Share for a period of two years from the closing of the Financing.