BULLETIN V2024-0057
GROUP ELEVEN RESOURCES CORP. ("ZNG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 5, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on December 11, 12 and 14, 2023:
Number of Shares: 25,000,000 shares
Purchase Price: $0.12 per share
Warrants: 12,499,998 share purchase warrants to purchase 12,499,998 shares
Warrant Exercise Price: $0.18 for a two-year period
Number of Placees: 28 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 1,250,000
Aggregate Pro Group Involvement: 2 2,082,666
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $23,412.01 N/A 195,100 Warrants
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.18 until December 22, 2025.
The Company issued a news release on December 22, 2023 confirming closing of the private placement. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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