Glen Eagle Resources Inc closes Private Placement
![Glen Eagle Resources Inc closes Private Placement](https://www.minenportal.de/media/goldseiten-news.jpg)
The Company also signed at arms-length a debenture agreement of $100,000 with a long time investor and is waiting for TSX approval on the matter.
Most of the proceeds will be used for exploration work by its subsidiary Cobra Oro de Honduras as previously discussed in the May 12th press release. Therefore, the Company expects to release several drilling data in the coming weeks based on its own laboratory analysis.
The private placement is subject to regulatory approval in accordance with applicable securities legislation. The securities issued in connection with the private placement will be subject to a four-month hold period following the closing of the Offering. Finder's fees may also be applicable.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Jean Labrecque,
President Glen Eagle Resources Inc.
4710 St-Antoine Street, Suite 308
Montreal, Canada
Tel : 514-808-9807