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.
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.
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