2023-05-01 10:45:19 ET
-
Group Eleven Resources ( TSXV: ZNG:CA ) ( OTCPK:GRLVF ) on Monday announced a non-brokered private placement to raise C$1 million.
-
The company intends to offer up to 11,111,111 units of the company at a price of C$0.09 apiece.
-
Each unit will consist of one common share and one-half of one non-transferrable common share purchase warrant.
-
Each warrant will entitle the holder to purchase one additional common share for a period of 36 months from the date of issue at an exercise price of $0.15 per warrant share.
-
Michael Gentile, who currently holds 26,366,614 common shares and 6,508,333 warrants, has agreed to subscribe up to 15% of the private placement.
For further details see:
Group Eleven Resources launches private placement to raise C$1M