March 3 (Reuters) - Eloro Resources Ltd ELO.V
- Eloro Resources and Cott Oil and Gas announce $5 million option agreement for a 25% interest in La Victoria Project, Peru
- Eloro Resources - Under terms of agreement, Cott can earn an initial 10% interest in property by expending C$2 million by or before October 30, 2017
- Eloro Resources Ltd - Under terms of agreement, Cott can earn further 15% interest by expending an additional C$3 million by or before July 31, 2018
- At end of either stage 1 earn-in period or stage 2 earn-in period, a joint venture would be formed between Eloro and Cott
