logo-loader

Group Eleven Resources raises total of $465,872 in financing for Ballinalack project drilling

Last updated: 17:10 30 Apr 2019 BST, First published: 11:25 30 Apr 2019 BST

currency
Total gross proceeds were $465,872 to start the drilling project

Group Eleven Resources Corp (CVE:ZNG) has closed a second and final tranche of a previously announced placing for its drill program on the Ballinalack project and exploration at other Irish projects.

The Vancouver-based firm issued 533,300 units at $0.12 a throw for total gross proceeds of $63,996 in this tranche.

READ: Group Eleven Resources closes first tranche of financing for Ballinalack project drilling

Overall in this financing, the group issued more than 3.8 million units for total gross proceeds of $465,872.

Each unit  consists of one share and one half of a non-transferrable  share purchase warrant. Each warrant will entitle the holder to buy one further share at $0.24 for two years from the date of issue.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

Group Eleven Resources maiden drill results from Tullacondra includes new zone

Group Eleven Resources CEO Bart Jaworski joined Steve Darling from Proactive to share details the company has reported assay results from the maiden drill hole at the Tullacondra copper-silver historic estimate which is about south of the Company’s PG West project. Jaworski telling Proactive...

on 26/5/22