VANCOUVER, Sept. 14, 2018
/CNW/ - Group Eleven Resources Corp. (TSX.V: ZNG, OTCQB:
GRLVF) ("Group Eleven" or the "Company") is pleased
to announce that it has engaged San Diego Torrey Hills Capital,
Inc. ("Torrey Hills Capital"), a Rancho
Santa Fe, California based investor relations firm, to
provide market awareness and investor relations services to the
Company, subject to acceptance by the TSX Venture Exchange
("TSX-V").
Torrey Hills Capital is a leading investor and financial public
relations firm specializing in small and microcap companies. Torrey
Hills Capital will increase awareness about Group Eleven through
its established relationships with investment professionals,
investment advisors, and money managers focused on the microcap
market space. This will allow the Company to build and maintain an
informed investor audience in both the U.S. and Canadian
marketplaces.
Torrey Hills Capital has been engaged at a rate of US$3,000 per month for an initial term of six
months. After the initial term the agreement will be automatically
extended, subject to a 30-day termination notice by either party.
Group Eleven has also agreed to a one-time grant of 200,000
incentive stock options (the "Options") exercisable at a price of
C$0.20 per share for a period of five
years. The Options shall be subject to the terms of the Company's
stock option plan and will vest in accordance with the provisions
therein and the policies of the TSX-V.
Torrey Hills Capital currently has no direct or indirect
interest in the securities of Group Eleven, or any right or intent
to acquire such an interest except pursuant to the exercise of the
above referenced Options.
The appointment of Torrey Hills Capital as an investor relations
consultant of Group Eleven and the granting of the Options remain
subject to regulatory acceptance of applicable filings with the
TSX-V.
Other Matters
The Company has also granted incentive stock options, on
September 6, 2018 to certain
officers, employees and consultants of the Company to purchase up
to 3,175,000 common shares in the capital stock of the Company.
These options are exercisable, subject to vesting provisions, for a
period of five years from the date of grant, at an exercise price
of $0.20 per share. All options
granted are subject to the policies of the TSX-V.
About Torrey Hills Capital
Torrey Hills Capital was formed in 1998 and is headquartered in
Rancho Santa Fe, California.
The team of professionals offers experience and expertise in
investor relations, corporate communications, non-deal road shows,
and market support activities. Torrey Hills Capital specializes in
the development and marketing of emerging growth companies which
trade in the United States (NYSE,
AMEX, and OTC) and in Canada (TSX,
TSX-V, and CSE). Marketing activities articulate key investment
attributes, strategic direction, and financial expectations, which
combine to ensure that client market value fully reflects past
achievements and future opportunities. Further information is
available at www.torreyhillscapital.com
About Group Eleven Resources
Group Eleven Resources Corp. is focused on zinc exploration in
Ireland. The Company's large land
package (99 prospecting licenses totaling 3,200 square kilometres)
allows Group Eleven to leverage new geological thinking and
geophysical technology to systematically rethink key aspects of the
Irish zinc district. Key projects include Ballinalack (with Joint
Venture partner Nonfemet), Stonepark (with Joint Venture partner
Connemara Mining), Silvermines (100%) and Tralee (100%). 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.
For more information, please visit www.groupelevenresources.com
or contact:
Spiros Cacos, MA
Vice President, Investor Relations
T: +1 604 630 8839
s.cacos@groupelevenresources.com
Bart Jaworski, P.Geo.
Chief Executive Officer & Director
T: +353-85-833-2463
b.jaworski@groupelevenresources.com
SOURCE Group Eleven Resources Corp.