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Group Eleven to issue 38,393 shares to settle C$32,250 director fees

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  • Group Eleven Resources Corp. agreed to settle former director Alessandro Bitelli’s outstanding fees with common shares.
  • 38,393 common shares will be issued at $0.84 each for C$32,250 in fees.
  • The company said the arrangement aims to conserve cash for ongoing and planned operations.
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