Like Rubbing Salt into a Wound!!!Sheesh...it's bad enough that Jean is collecting apprx $12,000 per month in salary, but now he's issued 1.45 million options at .105 cents.
Truly, this is getting out of hand.
Not happy with the way he's conducting business.
On top of this, he's been borrowing 100's of thousands of dollars...and paying an extraordinarily high interest rate of 12%.
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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.
MONTREAL, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that it has closed with Eric Sprott $150,000 dollars Convertible Note bearing 12% per year, with maturity date December 12th, 2021, and that the securities issued pursuant to this private placement is subject to a four-month hold period. The note is convertible in units composed of one common share to be converted at $0.20 and one common share purchase warrant to be exercised at $0.30 for two years after conversion.