Group Eleven Resources Announces $1.5 Million Private Placement

Group Eleven Resources ( (TSE:ZNG) ) just unveiled an update.

Group Eleven Resources Corp. has announced a non-brokered private placement aiming to raise $1,500,000 through the issuance of units, each comprising one common share and one-half of a common share purchase warrant. The funds will be directed towards exploration activities in Ireland and general working capital, with notable participation from Michael Gentile, underscoring stakeholder interest in the company’s strategic initiatives.

More about Group Eleven Resources

Group Eleven Resources Corp. is a company operating in the mining industry, focusing on exploration activities primarily for zinc, lead, and silver. The company is actively conducting exploration in Ireland and has a 100% ownership of the Ballywire discovery at the PG West Project.

YTD Price Performance: 20.97%

Average Trading Volume: 71,886

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $32.99M

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