MONTREAL, QUEBEC--(Marketwired - March 3, 2014) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that it has closed a first tranche totalling $150,000 dollars on the Convertible Note bearing 20% interest and maturing on March 3, 2016. The proceeds will be used to advance the La Libertad Project in Nicaragua. The closing deadline for the second tranche is March 30, 2014.
Richard LaPrairie, PEng, a civil and mining engineer will be in Nicaragua effective this week to prepare the logistics and make sure that the project will be ready to "Plug and Play" when the Pilot Plant arrives on site. Mr. LaPrairie has been named Operations Manager for the La Libertad project and brings with him more than 30 years of experience working on similar projects.
Gilles Laverdière, P.Geo., a qualified person under NI 43-101 has approved the technical content presented herein.
For the latest information about Glen Eagle, please visit www.gleneagleresources.com
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