Glen Eagle Resources Inc.

Glen Eagle Resources announces that Gem Yield Bahamas Limited, an investment fund incorporated in the Bahamas with domiciled in Nassau and Gem Global Yield LLC SCS, an alternative investment private equity firm domiciled in the Grand Duchy of Luxembourg served notice of arbitration and claim on the Company for failure to issue warrants as provided in the ELOC agreement. The Company announced in a news release dated March [...]

Glen Eagle Resources Inc. is pleased to announce the signing by the Company of the most important ore supply agreement to date. The agreement was entered between Cobra Oro, a wholly owned subsidiary of Glen Eagle Resources and a nearby Miners Cooperative representing approximately 250 artisanal miners. The agreement will allow Cobra Oro gold processing plant to operate at full capacity. The Company is also in discussion [...]

Glen Eagle Resources Inc. is pleased to announce that a second drill rig has arrived at Cobra Oro gold processing plant in Honduras. Both drill rigs will relocate to their respective site as soon as the roads are cleared from mudslides caused by recent hurricanes. The 2000 meters drilling program, of which 500 meters has been completed, is expected to resume very shortly with the arrival of the dry season. Production will [...]

Glen Eagle Resources Inc. reports that Cobra Oro, a wholly owned Honduran subsidiary of Glen Eagle, has completed 500 meters of drilling and has another 1500 meters left to fulfill its program. Drilling was stopped two weeks ago due to the conditions and risks caused by the aftermath of hurricane Nana which have been worsened lately by one the of rainiest season on record. Drilling will resume in early November coinciding [...]

Glen Eagle Resources announces today that in relation to the current 2000 meters diamond drilling program announced on May 12, 2020, it settled outstanding indebtedness of $76,314 through the issuance of 763,135 common shares of the Corporation at a deemed price of $0.10 per common share. The common shares issued in connection with the debt settlement are subject to a hold period that expires on January 22, 2021. Neither [...]

Glen Eagle Resources Inc. announced today that it has granted 1,500,000 stock options to Officers and Directors. In addition it has also grant 200,000 to a consultant for a total of 1,700,000 options granted. The options are valid for a period of five years until September 18, 2025 with an exercise price of $0.10 and are subject to the terms and conditions of the stock option plan approved at the last shareholders annual [...]

Glen Eagle Resources Inc. announces that it has granted 1,500,000 stock options to Officers and Directors of the Company. The options are valid for a period of five years until September 18, 2025 with an exercise price of $0.10 and are subject to the terms and conditions of the stock option plan approved at the last shareholders annual meeting on August 27, 2020. Neither TSX Venture Exchange nor its Regulation Services [...]

Glen Eagle Resources Inc. is pleased to announce the closing of a non-brokered private placement for $600,000 representing the issuance of 7,500,000 units priced at $0.08 cents, comprised of one common share and one common share purchase warrant exercisable at $0.12 for a period of 36 months with a lead order from Palisades Goldcorp Ltd. Finder's fees of $48,000 cash and 600,000 broker warrants exercisable at $0.12 for 36 [...]

Glen Eagle Resources Inc. announces the reservation of a private placement price by proceeding with an extension period of the non-brokered private placement for a maximum of $500,000 priced at $0.08 cents. In reference to the July 21st press release, each unit is comprised of one common share and one common share purchase warrant exercisable at $0.12 for a period of 24 months. The final closing of the private placement [...]

Glen Eagle Resources Inc. announced in a News Release dated March 25, 2020 that it had concluded a $25 million equity line of credit subject to the TSX approval. The TSX has recently reviewed the terms of the ELOC and came to the conclusion that the transaction can not take place under its current form. Two majot issues were raised and considered unacceptable from a compliance point of view under TSX set of rules. One was [...]