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.
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.