Group Eleven Resources Corp. is pleased to announce the closing of the first tranche of a non-brokered private placement through the issuance of 11,584,615 shares to Michael Gentile, CFA, at a subscription price of $0.065 per share for aggregate gross proceeds to the Company of $753,000. This strategic investment in Group Eleven by Mr. Gentile increases his ownership in the Company to 19.90% on a partially diluted basis [...]
Group Eleven Resources Corp. is pleased to announce a non-brokered private placement of up to 23,077,000 shares at a price of $0.065 per share for gross proceeds of up to $1,500,005. All currency is denominated in Canadian dollars. Proceeds from the Offering will be used to fund further exploration on the Company's projects in Ireland, including drilling at the Company's zinc-lead zone near Carrickittle in Ireland, as [...]
Group Eleven Resources Corp. is pleased to announce results from Phase 1 follow-up drilling at the Carrickittle zinc prospect at the Company's 100%-interest PG West project in the Republic of Ireland. Highlights: Top three zinc-lead intersections from follow-up drilling at Carrickittle are as follows: 7.20 metres of 23.9% zinc, 6.6% lead , 108 g/t silver and 0.12% copper, including 5.20 metres of 32.2% zinc, 8.7% lead [...]
Group Eleven Resources Corp. is pleased to announce results from regional drilling at the Company's 100%-interest PG West zinc project in the Republic of Ireland. The Company also notes that drilling at the Carrickittle prospect at PG West is proceeding on schedule and results are expected over the coming weeks. Highlights: Five holes were completed on early-stage regional targets at PG West, with the last holes finished [...]
Michael Gentile announces that he has filed an early warning report announcing the acquisition of 1,500,000 common shares in the capital of Group Eleven Resources Corp. . Prior to the completion of the Acquisition, Mr. Gentile beneficially owned and controlled, directly or indirectly, an aggregate of 10,265,333 Shares and an aggregate of 5,000,000 Share purchase warrants , representing approximately 8.97% of Group [...]
Group Eleven Resources Corp. announces that it has granted incentive stock options, on October 2, 2020, to directors, officers and employees of the Company to purchase up to 1,535,000 common shares in the capital stock of the Company. These options vest over a period of two years from the date of grant, at an exercise price of $0.09 per share. All options granted are subject to regulatory approval. The Company has also [...]
Group Eleven Resources Corp. is pleased to announce that it has commenced drilling at the Carrickittle zinc prospect on the Company's 100%-interest PG West project in the Republic of Ireland. Highlights: Drill program at Carrickittle consists of approximately 20 holes totalling 1,200 metres Phase 1 of the drill program commenced on September 29th and consists of six holes and 600 metres Phase 1 drilling will focus on Zone [...]
Group Eleven Resources Corp. is pleased to announce that it has commenced drilling at the Stonepark zinc project in the Republic of Ireland. Stonepark is a joint venture between Group Eleven and Arkle Resources PLC . Plans for follow-up drilling at the Company's Carrickittle zinc prospect located on the 100%-interest PG West zinc project in Ireland are nearing completion and will be announced over the next few weeks [...]
Group Eleven Resources Corp. is pleased to announce that Glencore Canada Corporation has exercised its right to appoint Ken Klassen to Group Eleven's board of directors. Bart Jaworski, CEO of Group Eleven, commented: "we very much welcome Ken to the board and look forward to working with him to further grow shareholder value. Ken is an experienced and well-respected lawyer in the international and Canadian mining [...]
Group Eleven Resources Corp. is pleased to announce the closing of its non-brokered private placement , initially announced on July 9, 2020 and subsequently increased on July 21, 2020, for total proceeds of $1,550,000 for the issuance 25,833,333 units at a price of $0.06 per unit. All currency is denominated in Canadian dollars. Each unit consisted of one common share and one half non-transferable common share purchase [...]
Group Eleven Resources Corp. is pleased to announce that it has increased its previously announced non-brokered private placement 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. Each unit will consist of one common share and one [...]
Group Eleven Resources Corp. is pleased to announce a non-brokered private placement of up to 16,666,667 units at a price of $0.06 per unit for gross proceeds of up to $1,000,000. All currency is denominated in Canadian dollars. Each 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 [...]