Glen Eagle Resources raises $410,000 with an insider of the company
TSX VENTURE: GER
MONTREAL, May 30, 2019 (GLOBE NEWSWIRE) -- Glen Eagle Resources Inc. (TSX VENTURE: GER) (“Glen Eagle” or the “Company”) is pleased to announce that it has raised $410,000 based on a non secured loan due out May 29, 2023. The loan bears 12% interest payable semi-annually and can be reimbursed anytime without penalty during the duration period.
The Company wants to thank Mr. Lavigueur for his financial support and his dedication to assist Glen Eagle in achieving its long term objectives. As an insider, Mr. Lavigueur owns 22% of Glen Eagle’s outstanding shares.
The proceeds will be used to upgrade the plant and working capital.
Jean Labrecque, President
Glen Eagle Resources Inc
Complexe du Canal Lachine, Suite 308
4710 St-Antoine Street
Tel : 514-808-9807
“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.” Values in the news release are quoted in canadian dollars.