Key Highlights
- Group Eleven Resources granted 2,710,000 incentive stock options to directors, officers and employees.
- The options vest over two years, are exercisable at C$0.66 per share, and expire in five years.
- The company also granted 137,451 deferred share units to independent directors for 2025 and 2026 services.
Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) reported it has issued equity-based compensation awards, including incentive stock options and deferred share units, to directors, officers, employees and independent directors under its existing plans.
The company granted 2,710,000 incentive stock options under its Stock Option Plan. The options vest over two years from the grant date, have an exercise price of C$0.66 per share, and expire five years from the grant date.
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Separately, Group Eleven granted deferred share units (DSUs) to independent directors under its Deferred Share Unit Plan. The company issued 79,998 DSUs for services rendered in 2025 and 57,453 DSUs for services rendered in the first three quarters of 2026.
Each DSU entitles the holder, when settled, to receive one common share or, if the board of directors determines otherwise, a cash amount equal to the value of one common share. The company said all currency in the release is denominated in Canadian dollars.
Group Eleven is actively drilling its 100%-owned Ballywire zinc-lead-silver-copper discovery in the Republic of Ireland and also holds a 78.62% interest in the Stonepark property, according to the release.
The original press release is available on stockhouse.com
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