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Message: Eloro Resources Retains European Investor Relations Firm
TORONTO, ONTARIO--(Marketwire - April 1, 2011) -
Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro" or the "Company") announced that it has retained Profinnotiv AG ("Profinnotiv") to provide Eloro with investor and public relations services in the European market. Eloro has a significant shareholder base in Europe and a listing of the Frankfurt Stock Exchange, and it is anticipated that Profinnotiv will leverage their extensive relationships within the professional investment community to expand the Company's profile and communicate with Eloro's current and future shareholders.
Profinnotiv and the Company entered into a 12 month contracting agreement that provides for Profinnotiv to be the Company's point of contact in Europe. Profinnotiv and its affiliates are at arm's length to the Company. The Company will pay Profinnotiv a fee of CAD$75,000 for the 12 month period.
About Eloro Resources Inc.
Eloro is a junior exploration company focused on discovering and developing precious metals in the Val-d'Or mining camp, as well as quality precious and base metal resources in the James Bay region of northern Quebec. Eloro is the owner of a 100% interest in the Simkar Gold Property, a former producing mine located 20 km east of Val-d'Or Quebec.
Statements containing forward-looking information express, as at the date of this news release, the companies' plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the companies. Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.
FOR FURTHER INFORMATION PLEASE CONTACT: Thomas G. Larsen
Eloro Resources Ltd.
President and CEO
Eloro Resources Ltd.
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