Group Eleven Receives TSXV Approval for Warrant Extension
Group Eleven Receives TSXV Approval for Warrant Extension
Vancouver, Canada, July 19, 2023 – Group Eleven Resources Corp. (TSX -V: ZNG; OTC: GRLVF; FRA:
3GE) (“Group Eleven” or the “Company”) announces that the TSX Venture Exchange has approved
the previously announced extension of warrants (the “Warrants”) of the Company which were to
otherwise expire on July 28, 2023.
The Company has extended the expiry date of the 12,916,667 Warrants granted on July 28, 2020,
with each Warrant entitling the holder to purchase one common share of the Company, as
follows:
Certificate
Numbers
Aggregate Number
of Warrants
Outstanding
Issue Date Exercise
Price
Original
Expiry Date
New Expiry
Date
WA-2020-07-
001 through
WA-2020-07-
014
12,916,667 July 28,
2020 C$0.12 July 28, 2023 October 28,
2024
Certain Warrants which were extended are held by insiders of the Company, and the extension of such
Warrants constitutes, to that extent, a "related party transaction" within the meaning of Exchange
Policy 5.9 and Multilateral Instrument 61 -101 – Protection of Minority Shareholders (“MI 61-101”).
The Company has relied on the exemptions from the valuation and minority shareholder approval
requirements of MI 61-101 (and Policy 5.9) contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101 in
respect of such insider participation.
About Group Eleven Resources
Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF and FRA: 3GE) is a mineral explorat ion
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
E: [email protected] | T: +353-85-833-2463
E: [email protected] | T: 604-644-9514
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.