On July 31, 2025, Group Eleven Resources Corp. completed a bought deal private placement of 17,968,750 common shares at a price of $0.32 per common share, for aggregate gross proceeds of $5.75 million, which included the full exercise of the underwriters’ option.
The offering was conducted by a syndicate of underwriters led by Cormark Securities Inc. and including Beacon Securities Limited.
Cassels acted for Group Eleven.