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Group Eleven Resources ( (TSE:ZNG) ) has provided an announcement.
Group Eleven Resources Corp. has announced an increase in its non-brokered private placement from $1,500,000 to $2,500,000, allowing for the issuance of up to 13,157,894 units. The funds raised will be directed towards exploration activities in Ireland, specifically at the Ballywire zinc-lead-silver discovery, and for general working capital. This strategic move is expected to strengthen Group Eleven’s exploration efforts and potentially enhance its market position within the zinc exploration industry.
More about Group Eleven Resources
Group Eleven Resources Corp. is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland. Their notable achievements include the Ballywire discovery announced in September 2022. The company is backed by major shareholders such as Glencore Canada Corp. and Michael Gentile.
YTD Price Performance: 20.97%
Average Trading Volume: 71,886
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $32.99M
For detailed information about ZNG stock, go to TipRanks’ Stock Analysis page.
