VANCOUVER, May 10, 2019 /CNW/ - Group Eleven Resources
Corp. (TSX.V: ZNG; OTCQB: GRLVF; FRA: 3GE) ("Group Eleven"
or the "Company") announces that further to the Company's
news release issued on May 7, 2019,
the Company has now completed the first of two agreements with
VRIFY Technology Inc. ("VRIFY").
VRIFY's technology communicates a company's value with
presentation tools that simplify information and translate tough to
digest data into compelling content. The platform allows companies
to showcase project data with interactive 3D models, host global
site visits of remote assets using virtual tours, and present
content to any device, anytime, anywhere in the world.
Group Eleven's projects and interactive 3D models are shown on
the Company's website under Supplemental Information and
accessible on the VRIFY app on iOS and Android devices, as well as
on www.VRIFY.com.
In consideration of these services, the Company will issue
171,429 common shares at a deemed price of $0.07. The common shares will be issued pursuant
to the Consultants Exemption, as defined in Section 2.24 of
National Instrument 45-106, and, therefore, will not be subject to
a hold period.
The settlement is subject to receipt of all required regulatory
approvals, including the approval of the TSX Venture Exchange.
About Group Eleven Resources
Group Eleven Resources Corp. (TSX.V: ZNG; FRA: 3GE and OTC:
GRLVF) 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.
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.
