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Group Eleven Increases Private Placement to $1.55 Million
Group Eleven Increases Private Placement to $1.55 Million Canada NewsWire VANCOU...
About this update from Group Eleven Resources Corp.
[{"type":"text","content":"\n\n\n\nGroup Eleven Increases Private Placement to $1.55 Million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 21, 2020\n\n\n\nVANCOUVER, BC, July 21, 2020 /CNW/ - Group Eleven Resources Corp. (TSXV: ZNG) (OTC: GRLVF) (FRA: 3GE) (\"Group Eleven\" or the \"Company\") is pleased to announce that it has increased its previously announced non-brokered private placement (the \"Offering\") from up to 16,666,667 units, at a price of $0.06 per unit, for gross proceeds of up to $1,000,000 to up to 25,833,333 units, at a price of $0.06 per unit, for gross proceeds of up to $1,550,000. All currency is denominated in Canadian dollars.\n\n \n \n \n \n \n \n\n \nEach unit will consist of one common share and one half non-transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.12 per share for 36 months from the date of issue.\nProceeds from the Offering will be used to fund exploration, including follow-up drilling at the Company's recently discovered zinc-lead zone near Carrickittle in Ireland, as well as, general and administrative purposes. The Offering is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a hold period under applicable Canadian securities legislation that expires four months and one day after the closing date of the Offering.\nAbout Group Eleven Resources\nGroup Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF and FRA: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland.\nAdditional information about the Company is available at www.groupelevenresources.com.\nON BEHALF OF THE BOARD OF DIRECTORS\n\"Bart Jaworski\"\nBart Jaworski, P.Geo.Chief Executive Officer\nCautionary Note Regarding Forward-Looking Information\nThis press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the expected use of...