VANCOUVER, BC, June 12,
2023 /CNW/ - Group Eleven Resources Corp. (TSXV: ZNG)
(OTC: GRLVF) (FRA: 3GE) ("Group Eleven" or the
"Company") announces that it has issued a total of 1,714,284
deferred share units ("DSUs") to three independent directors
as settlement of remuneration owing for directorship services
($20,000 per director per year)
provided in fiscal years 2020 and 2022, in accordance with the
provisions of the Company's deferred share unit plan.
Correction to Terms of Finder's Warrants
Further to the Company's news release dated May 26, 2023 announcing the closing of the
Company's private placement of units (the "Closing News
Release"), the Closing News Release incorrectly stated that the
Company issued 102,600 finder's warrants (the "Finder's
Warrants") which are exercisable into one common share in the
capital of the Company (a "Finder's Warrant Share") at a
price of $0.09 per Finder's Warrant
Share for a period of 36 months from the date of issuance. The
Company wishes to correct the Closing News Release by clarifying
that the Finder's Warrants are exercisable at a price of
$0.15 per Finder's Warrant Share.
About Group Eleven
Resources
Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF and FRA:
3GE) is a mineral exploration company focused on advanced stage
zinc exploration in Ireland.
Additional information about the Company is available at
www.groupelevenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Group Eleven Resources Corp.
