Group Eleven Grants Stock Options
VANCOUVER, Oct. 18, 2019 /CNW/ - Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF; FRA: 3GE) ("Group Eleven" or the "Company") announces that it has granted incentive stock options, on October 17, 2019, to eight officers and employees of the Company to purchase up to 770,000 common shares in the capital stock of the Company. These options vest over a period of three years from the date of grant, at an exercise price of $0.08 per share. All options granted are subject to the policies of the TSX.V.
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. The Company's large land package allows Group Eleven to leverage new geological approach and geophysical technology to systematically rethink key aspects of the Irish zinc district. The Company's two key projects in Ireland include: a 60% interest in the Ballinalack project (joint ventured with Nonfemet - one of the largest zinc producers in China), located in north-east Ireland, hosting potential Navan Bed mineralization in the Pale Beds; and a 75.56% interest in the Stonepark project (joint ventured with Arkle Resources plc), located near Limerick, next to one of the world's largest undeveloped zinc deposits: Glencore's Pallas Green deposit. The Company's team includes accomplished mining professionals with direct experience in finding mines, building companies and exploring Irish zinc deposits.
Neither the TSX.V nor its Regulatory Services Provider (as that term is defined in the policies of the TSX.V) accepts responsibility for the adequacy or accuracy of this news release.
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
SOURCE Group Eleven Resources Corp.
Contact
Spiros Cacos, MA, Vice President, Investor Relations, E: s.cacos@groupelevenresources.com | T: +1 604 630 8839