RE:RE:Where is our news.............................Todays news Ger should have NR of this Today, and maybe in DEC would Have been nice!!!!!
we just need to get noticed and this eagle will fly. Sprott is not buying to lose money just like DL.
EARLY WARNING REPORT Made Pursuant To NATIONAL INSTRUMENT 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues RELATING TO THE ISSUANCE OF SECURITIES IN THE CAPITAL OF GLEN EAGLE RESOURCES INC. 1. The name and address of the offeror. Eric Sprott (“Sprott”) 200 Bay Street, Suite 2700 Royal Bank Plaza, South Tower Toronto, Ontario M5J 2J1 2. The designation and number or principal amount of securities and the offeror’s securityholding percentage in the class of securities of which the offeror acquired ownership or control in the transaction or occurrence giving rise to the reporting obligation and whether it was ownership or control that was acquired in those circumstances. On December 23, 2015, Sprott acquired (the “Acquisition”) ownership and control over 2,000,000 units (“Acquired Units”) of Glen Eagle Resources Inc. (the “Corporation”), each unit being comprised of one common share (“Share”) and one-half common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant is exercisable for a Share (a “Warrant Share”) to for a period of up to two years at an exercise price of $0.10 per Warrant Share. The Acquired Units represent approximately 4.1% of the currently issued and outstanding Shares on a partially diluted basis. 3. The designation and number or principal amount of securities and the offeror’s securityholding percentage in the class of securities immediately after the transaction or occurrence giving rise to the reporting obligation. As of the date hereof, after giving effect to the Acquisition, Sprott beneficially owns, or exercises control or direction over: (i) 6,318,182 Shares; and (ii) 3,159,091 common share purchase warrants of the Corporation. Based on the foregoing, Sprott beneficially owns, or exercises control or direction over approximately 8.8% of the currently issued and outstanding Shares on a non-diluted basis, and approximately 12.6% on a partially-diluted basis. 4. The designation and number or principal amount of securities and the percentage of outstanding securities of the class of securities referred to in paragraph 3 over which: (i) the offeror, either alone or together with any joint actors, has ownership and control; All securities identified in item 3 above are beneficially owned and controlled by Sprott. (ii) the offeror, either alone or together with any joint actors, has ownership but control is held by other persons or companies other than the offeror or any joint actor; and Not applicable.