Glen Eagle Resources Inc V.GER

Alternate Symbol(s): GERFF

Metals & Mining Industrial Metals & Minerals

Glen Eagle Resources Inc. is a Canada-based company, which is engaged in the acquisition, exploration and evaluation of mining properties. The Company is engaged in the production of gold and silver from the purchasing and processing of material in Honduras. Its activities also consist of owning mining concessions in Honduras where it intends to proceed with an exploration and evaluation program. Its La Cobra property is composed of one claim covering approximately 775 hectares and located in the Valle Department, Honduras. It has three areas of interest for lithium, in the Lebel-sur-Quevillon area: Lessard property, Perigny property and Nicobi property. The Nicobi property is characterized by a one km long lake-bottom lithium anomalies varying from 33 to 45 ppm of Lithium. The Perigny property is characterized by seven km long lake-bottom lithium anomalies varying from 19 to 26 ppm of lithium. It is also looking for exploration and evaluation activities located in Quebec, Canada.

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Glen Eagle Resources Inc

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Comment by brodanon Mar 27, 2009 2:35pm

359 Views

Post# 15877572

RE: RE: HALTED PENDING NEWS

Ok so now they have a line of credit for 32,000,000. Great know what? Well if these guys got a line of credit from someone they must have a plan. I'm sure they have a property or old mine lined up somewhere. Hopefully its in Canada and either in Ontario or Quebec.....so easy to get permits and run mines in these provinces. So if this happens what is the value of the stock? 32,000,000 US$$$ goes a long way and in this market, where financing is almost imposible, what are they planning on doing with it. Hopefully we wont have to wait to long. I will hold my position and wait for the next announcement. If I like, I add.....thats all i can say.

Please do your due diligence.
Cheers and have a good weekend.

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