/NOT FOR DISTRIBUTION IN THE UNITED STATES/
VANCOUVER, Oct. 26, 2017 /CNW/ - Group Eleven Resources Corp. ("Group Eleven" or the "Company") is pleased to announce that it has filed a preliminary prospectus with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario for a proposed initial public offering (the "Offering").
The Offering will be co-led by PI Financial Corp. and Cormark Securities Inc. on behalf of a syndicate of agents including Sprott Capital Partners. The number of common shares to be sold and the price range for the proposed Offering have not yet been determined.
A preliminary prospectus has been filed with the securities commissions in each of the provinces of British Columbia, Alberta and Ontario, containing important information relating to the common shares. The preliminary prospectus remains subject to completion or amendment. There will not be any sale or any acceptance of an offer to buy the common shares until a receipt for the final prospectus has been issued by the relevant securities commissions in Canada.
Copies of the preliminary prospectus may be obtained from the offices of PI Financial at 1900 – 666 Burrard Street, Vancouver, BC, Canada, V6C 3N1.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws. Accordingly, the common shares may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Group Eleven in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward Looking Statements
This press release contains certain forward-looking statements, including statements with regard to the Offering. Words such as "expects", "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and no assurance can be given that the Offering will be completed on the terms described. Completion of the Offering and the terms thereof are subject to numerous factors, many of which are beyond Group Eleven's control, including, without limitation, failure of customary closing conditions and the risk factors and other matters set forth in Group Eleven's preliminary prospectus. Group Eleven undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law
SOURCE Group Eleven Resources Corp.
For further information: Group Eleven Resources, Bart Jaworski, P.Geo., Chief Executive Officer & Director, E: [email protected], T: +353-85-833-2463