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Group Eleven Resources raises total of $465,872 in financing for Ballinalack project drilling

The Vancouver-based firm issued 533,300 units at $0.12 a throw for total gross proceeds of $63,996 in this tranche

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Total gross proceeds were $465,872 to start the drilling project

Group Eleven Resources Corp (CVE:ZNG) has closed a second and final tranche of a previously announced placing for its drill program on the Ballinalack project and exploration at other Irish projects.

The Vancouver-based firm issued 533,300 units at $0.12 a throw for total gross proceeds of $63,996 in this tranche.

READ: Group Eleven Resources closes first tranche of financing for Ballinalack project drilling

Overall in this financing, the group issued more than 3.8 million units for total gross proceeds of $465,872.

Each unit  consists of one share and one half of a non-transferrable  share purchase warrant. Each warrant will entitle the holder to buy one further share at $0.24 for two years from the date of issue.

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Quick facts: Group Eleven Resources Ltd.

Price: 0.045 CAD

TSX-V:ZNG
Market: TSX-V
Market Cap: $3.27 m
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