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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 Jun 06, 2019 12:55am
60 Views
Post# 29801806

Constantly running out of money...not a good sign.

Constantly running out of money...not a good sign.MONTREAL, May 30, 2019 (GLOBE NEWSWIRE) -- Glen Eagle Resources Inc. (TSX VENTURE: GER) (Glen Eagle or the Company) is pleased to announce that it has raised $410,000 based on a non secured loan due out May 29, 2023. The loan bears 12% interest payable semi-annually and can be reimbursed anytime without penalty during the duration period. The Company wants to thank Mr. Lavigueur for his financial support and his dedication to assist Glen Eagle in achieving its long term objectives. As an insider, Mr. Lavigueur owns 22% of Glen Eagles outstanding shares. The proceeds will be used to upgrade the plant and working capital. Anyone recall how much Jean is paying himself every month? Jean Labrecque, President Glen Eagle Resources Inc Complexe du Canal Lachine, Suite 308 4710 St-Antoine Street Tel : 514-808-9807
Bullboard Posts