viewGroup Eleven Resources Ltd.

Group Eleven Resources begins trading on OTCQB in US

The ticker symbol is GRLVF. Group Eleven shares will continue to trade on the TSX Venture Exchange and the Frankfurt Stock Exchange

The company believes that trading on the OTCQB will increase international visibility

Group Eleven Resources Corp (CVE:ZNG, OTC: GRLVF) said its common shares began trading today on the OTCQB venture market in the USA.

"Listing on the OTCQB is part of a long-term strategy to introduce the Company to a broader audience" said Bart Jaworski, the chief executive at the resource firm.

"We believe trading on the OTCQB will help us increase our international visibility, as well as enhance liquidity by providing an alternative platform to trade Group Eleven shares, particularly for our current and future U.S. investors."

The ticker symbol is GRLVF. Group Eleven shares will continue to trade on the TSX Venture Exchange and the Frankfurt Stock Exchange.

The OTCQB venture market is for early-stage and developing US and international companies.

Earlier this month, the group reported results from a drill hole at the Stonepark zinc-lead project in the Republic of Ireland, which showed the deposit is open towards Glencore's (LON:GLEN) neighbouring Pallas Green deposit.

In April this year, the firm unveiled a maiden resource for the site, which showed attractive grades and tonnage.

The estimate was 5.3mln tonnes at a grade of 11.15% zinc and lead combined (8.55% zinc and 2.60% lead) in the inferred category.

StonePark is a joint venture between Group Eleven, which has 76.56% and Connemara Mining plc (LON: CON), which has a 23.44% stake.

Quick facts: Group Eleven Resources Ltd.

Price: 0.085 CAD

Market: TSX-V
Market Cap: $11.68 m

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Glencore's investment into Group Eleven 'a mark of confidence in the future...

Mining Capital's Alastair Ford discusses the recent investment by global miner Glencore (LON:GLEN) into Group Eleven Resources Corp (CVE:ZNG) (OTCMKTS:GRLVF). They're backing the exploration company to the tune of C$1 million. Vancouver-based Group Eleven is advancing the Stonepark zinc...

on 8/11/19

2 min read