Glen Eagle Resources Inc. has raised $410,000 based on a non-secured loan due May 29, 2023. The loan bears interest at 12 per cent, payable semi-annually, and can be reimbursed at 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 per cent of Glen Eagle's outstanding shares.
The proceeds will be used to upgrade the plant and for working capital.
“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.
Jean Labrecque, President
Glen Eagle Resources Inc
Complexe du Canal Lachine, Suite 308
4710 St-Antoine Street
Tel : 514-808-9807
