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Glen Eagle Resources Inc V.GER

Alternate Symbol(s):  GERFF

Glen Eagle Resources Inc. is a Canada-based small producer and an exploration company of precious metals in Canada and the Central America area. The Company is engaged in the acquisition, the exploration and the evaluation of mining properties. The Company operates in two segments, which are the exploration and evaluation of mineral properties in Canada and recovery of gold and silver from tailings and rocks in Honduras. Its phosphate property (Moose Lake) is located in the St-Jean Lake area (Quebec), approximately 150 kilometers (km) south of Lisette Lake. Its La Cobra property is composed of one claim covering about 775 hectares (ha) and located in the Valle Department, Honduras. Its Piedra Dorada and La Moloncasa properties are located about 164 km south of the capital city of Tegucigalpa in Honduras. The properties are located 17 km to the east of Choluteca where Glen Eagle operates gold mill. The Piedra Dorada and La Moloncasa properties cover an area of about 1,000 ha and 400 ha.


TSXV:GER - Post by User

Comment by gemsearcher2on May 09, 2021 8:53pm
69 Views
Post# 33162783

RE:eric sprott

RE:eric sprott
actually ES picked up another 2.0 million shares as announced on march 11,2021..(is that the News Release you are referring to)... Previously to that date he owned 11,118,182 and now has 13,118,132 so it shows he was had already been invested and holding during the downturn and this just shows that he obviously believes in something good happening in the future.
Quite the vote of confidence i would say but one would think there must be a limit to his patience too!

as per Mar.11,2021 NR:  Most of the proceeds came from a few large shareholders of the Company including Eric Sprott who has increased his position from 11,118,182 to 13,118,182 shares. The proceeds will be allocated for fast turn around ore purchases which are being provided at a daily rate of 120 tons.
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