11:38 AM EST - Eloro Resources Ltd. : announced that it has sold its remaining 43% equity interest in the Simkar and Louvicourt Properties to Monarques Resources Inc., who previously held a 57% interest in the Simkar Gold Project, pursuant to a joint venture agreement with Eloro. As consideration for the sale, Eloro has been granted a 1.5% NSR on Monarques' wholly-owned Tex-Sol, Regcourt, Plator I, Plator II, Plator III, Plator IV and Plator V properties in addition to a 1.5% NSR granted on the Simkar Property and a 0.5% NSR on the Louvicourt Property. Excluding the Louvicourt Property, Monarques can redeem one-third (0.5%) of the NSR by paying Eloro $1 million. All of the foregoing properties are located in the highly prospective Val d'Or gold mining camp. Eloro Resources Ltd.
shares V.ELO are trading unchanged at $0.02.
