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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 lapiastreon Dec 15, 2022 2:31am
100 Views
Post# 35172440

RE:Just a thought

RE:Just a thoughtNo. His foundation is run by himself, and this entity need to declare what is been giving to them, wich is the value of 6m shares of GER (120k). Then, since it is a foundation, they can profit from the increase in sp of this donation, tax free. The same is done all over with many other. The Gate foundation is just an example. Other then imminent increase in share price, i don't see the advantage of doing this, except for 2022 tax report on personnal sprott's declaration. But who knows ! Why would he give this away to his foundation if GER would be going bankrupt ? Makes no sense. Anyway, we shall see....
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