Glen Eagle Resources Inc. is pleased to announce that it has closed in recent weeks two additional agreements with new providers that could potentially increase daily tonnage by 100 tonnes in excess of what the Company already processes at its Cobra Oro gold plant in Honduras. Through its new partnerships, Cobra Oro was able to process in early January an added value of 100 tonnes of high grade ore ranging between 20 to [...]
Glen Eagle Resources Inc. 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 [...]
Glen Eagle Resources Inc. announces that it intends to proceed to a private placement of convertible note, for aggregate gross proceeds of up to $150,000. The convertible note bear interest at a rate of 12% per year and is repayable three years after the closing, subject to the Corporation’s right to prepay the note. The note is convertible, at the option of the holder, in units composed of one common share to be [...]
Glen Eagle Resources Inc. announces that Denis Lavigueur bought on December 4, 2018 a total of 115,000 shares on the open market, increasing therefore his “Significant Position” over 22% of all outstanding shares. On July 11, 2018 Denis Lavigueur had 16,573,622 or 20% of all outstanding shares. Over the period, he has acquired 1,746,378 shares for a grand total of 18,320,000 or 22% of all outstanding shares as [...]
Glen Eagle Resources Inc. is pleased to announce that a Cooperation Agreement was reached between Glen Eagle and Inception Mining Inc., a Nevada company that is publicly quoted on the OTCQB market. As both companies have operations in Honduras in the same vicinity within 25 minutes of each other and rendered mutual services in the recent past, the companies have decided to further extend their cooperation to better serve [...]
Glen Eagle Resources Inc. is pleased to announce the following highlights for its consolidated operations both in Canada and Honduras, for the period of three months ended June 30th, 2018 . Gold sales of $818,497 in Q2-2018 compared to $285,610 in Q2-2017. Gross operating profit of $275,321 in Q2-2018, compared to a gross operating loss of $187,494 in Q2-2017. Net comprehensive income of $137,732 in Q2-2018, compared to a [...]
MONTREAL, July 11, 2018 -- Glen Eagle Resources Inc. announces that Denis Lavigueur recently bought 199,000 shares on the open market, increasing therefore his “Significant Position” over 20% of all outstanding shares. Mr. Lavigueur confirms his Position as follows: “My intentions are not to make a Take-Over bid as defined in National Policy 62-103 but rather to increase my position in these securities [...]
MONTREAL, June 27, 2018 -- Glen Eagle Resources Inc. is pleased to announce that the transition period for the Company’s gold processing plant in Honduras is done after more than a year of expansion and improvement. The changes have already impacted production and financial results of Cobra Oro with sales for Q1-2018 and a gross operating margin of $58,190 despite 22 days of downtime during the quarter. First part [...]
MONTREAL, June 12, 2018 -- Glen Eagle Resources Inc. is pleased to announce that the municipal authorities in the district of Nacaome southern Honduras have approved the Company’s socialization program which aims to gain a general acceptance for its mining project among the local community living in the vicinity. The Company is currently dedicating a lot of time and effort to access its mining concession with the [...]
MONTREAL, April 11, 2018 -- Glen Eagle Resources Inc. reports that Insiders and Management have kept increasing their holdings in the Company to 45 million shares or 55.5% of all outstanding shares, demonstrating their confidence in Glen Eagle’s business model and potential market capitalization. The Company is also pleased to announce that is has designed a completely new website more compatible with mobile devices [...]
MONTREAL, April 03, 2018 -- Glen Eagle Resources Inc. is pleased to announce that Cobra Oro’s operations in Honduras are running on schedule with daily throughput in recent weeks ranging between 60 to 90 tonnes per day with reduced downtime as the Company nears its current expansion program. Gold recovery in March has reached 85% based on the data received from Cobra Oro’s metallurgical department. The Company [...]
Glen Eagle Resources Inc. is pleased to announce that Cobra Oro's operations in Honduras are running better than anticipated following its expansion program, which involved important readjustments for milling and rebalancing of its metallurgical circuit. The modifications were completed successfully and ahead of schedule as they were expected to be fully integrated by the end of March. In most recent days, Cobra Oro has [...]
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