Key Developments: Glen Eagle Resources Inc (GERFF.PK)

GERFF.PK on OTC Markets Group - US Other OTC and Grey Market

0.25USD
23 May 2013
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Latest Key Developments (Source: Significant Developments)

Glen Eagle Resources Inc Sells Interest In Barry Souart Gold Property
Thursday, 19 Apr 2012 08:30am EDT 

Glen Eagle Resources Inc announced that the Company will receive an upfront cash payment of $300,000 from 9220-5392 Quebec Inc for the sale of a 75% interest in the Barry Souart Gold property. Glen Eagle's 25% remaining interest can be purchased for a minimum of $500,000 while allowing the Company to keep an upside potential on any future sale or discovery that would bring an added value over the original amount of $500,000. In addition, the Company has kept a 1% royalty on a Net Smelter Return (NSR) that it can sell for $1 million to any given party. The transaction is done at arm's length.  Full Article

Glen Eagle Resources Inc Announces Closing Of Private Placement
Monday, 19 Dec 2011 08:53am EST 

Glen Eagle Resources Inc announced the closing of a non brokered Private Placement for gross proceeds of $1,357,675 through the issuance of 2,468,500 Flow Through shares priced at $0.55 per share. An additional amount of $500,000 was raised through the issuance of 1,250,000 units priced at $0.40 per unit with 1/2 warrant exercisable at a price of $0.60 per share valid for a period of two years ending December 19, 2013. The proceeds will be used to advance the Company's Lac Lisette and Moose Lake phosphate properties as well as the Authier Lithium project and for general corporate purposes.  Full Article

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