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Group Eleven settles C$32,250 director fees by issuing shares to preserve cash for operations.

Company Fundamentals
04 Sep 2026
Newsfile Corp
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Neutral
Group Eleven settles C$32,250 director fees by issuing shares to preserve cash for operations.

Group Eleven Resources Corp. has agreed to settle C$32,250 in outstanding director fees owed to former director Alessandro Bitelli by issuing 38,393 common shares at $0.84 each. This move aims to conserve the company's cash for ongoing and planned operations. The settlement requires approval from the TSX Venture Exchange, and the shares will be subject to a four-month hold period. Group Eleven is actively drilling its Ballywire zinc-lead-silver-copper discovery in Ireland, with significant backing from major shareholders including Glencore Canada Corp.

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