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Aloro Mining Corp. — Capital/Financing Update 2021
Jan 6, 2021
46129_rns_2021-01-05_484e6c0f-9a46-4563-acec-c6cb205ce8f9.pdf
Capital/Financing Update
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51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Aloro Mining Corp. (the “ Company ”) Suite 1085, 555 Burrard Street PO Box 201 Vancouver, BC V7X 1M8
Item 2 Date of Material Change
December 31, 2020
Item 3 News Release
The news release dated January 4, 2021 was disseminated through Stockwatch, Market News and Stockhouse.
Item 4 Summary of Material Change
On January 4, 2021, the Company announced that it received approval from the TSX Venture Exchange to the issuance of 1,300,000 common shares (each, a “ Share ”) in settlement of $69,132.39 owed by the Company to one creditor (the “ Debt Settlement ”), which Shares were issued effective December 31, 2020. The Shares are subject to a statutory hold period expiring on the date that is four months and one day after the closing of the Debt Settlement.
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
A full description of the material change is described in Item 4 above and in the attached news release which has been filed on SEDAR.
- 5.1 Disclosure for Restructuring Transactions
N/A
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Item 7 Omitted Information
None
Item 8 Executive Officer
Thomas A. Doyle, President and Chief Executive Officer, (604) 689-5722
Item 9 Date of Report
January 5, 2021
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January 4, 2021 TSX.V Symbol AORO FRANKFURT Symbol 4LPP
ALORO ANNOUNCES CLOSING OF DEBT SETTLEMENT
ALORO MINING CORP. – (the “ Company or Aloro ”) is pleased to announce that, further to its News Release of December 22, 2020, it has received approval from the TSX Venture Exchange to the issuance of 1,300,000 common shares (each, a “ Share ”) in settlement of $69,132.39 owed by the Company to one creditor (the “ Debt Settlement ”), which Shares were issued effective December 31, 2020. The Shares are subject to a statutory hold period expiring on the date that is four months and one day after the closing of the Debt Settlement.
About Aloro Mining Corp.
Aloro controls the 3199 -hectare Los Venados Project which is located in the central part of the Mulatos Gold District and is directly adjacent to the active Mulatos open pit of Alamos Gold Inc. and shares common borders to the south, east, and portions of the north. The western border is shared with Agnico Eagle Mines Limited where it operates the La India open pit. The known mineralization within the Mulatos District is gold-dominant, with accessory silver and copper.
ALORO MINING CORP.
Per: “ Thomas A. Doyle” For further information, please contact: Thomas A. Doyle Thomas A. Doyle President & CEO Phone: (604) 689-5722 Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.