Diversified major Glencore will invest C$750 000 in exploration and development group Group Eleven Resources, which owns the Stonepark project adjacent to its Pallas Green project, in Ireland.
Glencore Canada will buy 15-million units in TSX-V-listed Group Eleven at C$0.05 a share. The transaction will increase Glencore’s shareholding in Group Eleven from 11.6% to 20% on a non-diluted basis.