Yesterday's announced financings: July 27

Here’s your roundup of yesterday's announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.

1. Eloro Resources Ltd. (TSX: ELO)

• Gross Proceeds: $5 million (bought deal)
• Sector: Precious metals
• Units issued: 1.59 million
• Type: Special units
• Price: $3.15
• Warrants: Full; $4.25; Two years
• Agents: Haywood Securities Inc.
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Precious metals company with projects in Quebec, Bolivia, and Peru
• Recently released details on metallurgical tests at its Ika Ika project
• Uplisted to TSX in March

2. K2 Gold Corp. (TSX-V: KTO)

• Gross Proceeds: $1.2 million
• Sector: Precious metals
• Units issued: 7.5 million
• Type: Flow-through shares
• Price: $0.16
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Drilling

Company breakdown:

• Gold junior with projects in southwest US and Yukon
• Recently drilled four holes at its Si2 project in Nevada