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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

Post by ggrelletteon Jan 24, 2022 5:55pm
169 Views
Post# 34355617

Scanner454 you are mistaken.........

Scanner454 you are mistaken.........with respect to rollbacks which has nothing to do with the share price. It has everything to do with financing. These public  exploration companies or early jr. mining stocks need capital to continue running their businesses When the outstanding share count becomes overwhelming and the financiers will no longer finance a company then they forced the company to do a rollback, in turn they solidify the financing.
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