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Glen Eagle Resources Inc V.GER

Alternate Symbol(s):  GERFF

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.


TSXV:GER - Post by User

Bullboard Posts
Post by nohype7on Jul 10, 2015 12:03am
70 Views
Post# 23910265

Flow-through shares should be depleted soon

Flow-through shares should be depleted soonLast year, there were two Private Placements totalling 6.7 million flow-through shares. All of those shares became available to be sold in March and April of this year. And thus, our volume of shares traded started increasing too.

March, April and May = 2.5 million shares traded

June = 2.9 million shares

July = 733,500 shares thus far

Total for March thru July 8th = 6.2 million shares

So, we only need another 500,000 shares before all of the flow-through shares are gone...which isn't much when you consider that 364,000 shares were bought today.


Cheers!

Bullboard Posts