MARKET PRESSURE = BUYING OPPORTUNITIES
As predicted on the AGORACOM Blog, it appears we are now moving into capitulation phase and a great opportunity to buy good small-caps that have been thrown out with the bathwater.
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TORONTO, ONTARIO - June 24, 2008 - ELORO RESOURCES LTD. ("Eloro" or the "Company") (TSX VENTURE) announces that it has granted 1,600,000 stock options to directors, officers, and consultants to acquire up to 1,600,000 common shares of the Company (the "Stock Options"). Each Stock Option entitles the holder thereof to acquire one (1) common share of the Company at an exercise price of $0.37 per common share prior to the close of business on June 24, 2013.
Any statements made in this news release that are not historical facts are forward-looking statements, and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Eloro Resources Ltd.
Thomas G. Larsen
President and CEO
(416) 868-9168
(416) 361-1333 (FAX)
or
Eloro Resources Ltd.
Jorge Estepa
Vice-President
(416) 868-9168
(416) 361-1333 (FAX)
Website: www.elororesources.com
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Mr. Jean LaFleur explains Eloro's entry into the oil & gas industry in Quebec
