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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 approxiamtely 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 a 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

Comment by gemsearcher2on May 09, 2021 8:53pm
76 Views
Post# 33162783

RE:eric sprott

RE:eric sprott
actually ES picked up another 2.0 million shares as announced on march 11,2021..(is that the News Release you are referring to)... Previously to that date he owned 11,118,182 and now has 13,118,132 so it shows he was had already been invested and holding during the downturn and this just shows that he obviously believes in something good happening in the future.
Quite the vote of confidence i would say but one would think there must be a limit to his patience too!

as per Mar.11,2021 NR:  Most of the proceeds came from a few large shareholders of the Company including Eric Sprott who has increased his position from 11,118,182 to 13,118,182 shares. The proceeds will be allocated for fast turn around ore purchases which are being provided at a daily rate of 120 tons.
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