Glen Eagle's Director makes an Investment to Advance the Company's Project in Nicaragua
17 Settembre 2013 - 3:08PM
Access Wire
Montreal, Quebec, September 17, 2013 - Glen Eagle Resources Inc.
(TSX VENTURE EXCHANGE: GER) ("Glen Eagle" or the "Company") is
pleased to announce that a Director of the Company has made a
substantial investment to purchase and co-own the Pilot Plant that
will process the tailings and advance Glen Eagle's Project in La
Libertad/Santo Domingo.
The Pilot Plant will be leased to Sandgold, a subsidiary
corporation owned by Glen Eagle Resources in Nicaragua. The terms
of the Leasing Agreement are currently being drafted and will be
made public when available.
The fact that the Pilot Plant has been purchased will help
reduce Glen Eagle's risk, facilitate financing and avoid dilution
of its shares.
The equipment is scheduled to arrive on the concession by late
October and planning is in progress to have the infrastructure
ready on time. The Company has already explored various options
other than the equity market to finance the Project's final stages.
Relevant information on the matter will be given to our
shareholders on due time.
Jean Labrecque, President
Glen Eagle Resources Inc
999 De Maisonneuve West
Suite 725
Montreal, Quebec
Toll free: 1-855-229-4488
Website: http://www.gleneagleresources.com/
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
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