Aloro Mining Corp. (TSXV:AORO) announced a non-brokered private placement of up to 16,000,000 units at a price of CAD 0.025 per unit for gross proceeds of CAD 400,000 on April 6, 2020. Each unit will consist of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional common share of the company at CAD 0.05 per share for a period of 1 year from date of closing. The securities issued are subject to a hold period of four months plus one day from date of closing. The transaction is subject to regulatory approvals including approval TSX Venture Exchange. Insiders may participate in the transaction. The company will pay legal fees of CAD 24,500 and audit and accounting expenses for CAD 67,500.