MONTREAL, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Glen Eagle Resources Inc. (TSX VENTURE: GER) (“Glen Eagle” or the “Company”) 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 of December 4, 2018.

Denis Lavigueur confirms his position as follows:

“My intentions are not to make a Take-Over bid as defined in National Policy 62-101 but rather to increase my position in these securities based on my conviction and knowledge that the shares are undervalued at current prices. Future increase or decrease of my position in Glen Eagle’s shares will be reported as usual on Sedar in compliance with National Instrument 55-104. An “Early Warning Report” has also been filed for further compliance.”

Jean Labrecque, President
Glen Eagle Resources Inc
Complexe du Canal Lachine, Suite 308
4710 St-Antoine Street
Tel : 514-808-9807