Glen Eagle Resources Inc. is pleased to report that the President Jean Labrecque is purchasing a total of 500,000 shares from the treasury at yesterday price, $0.08 per share, for a total consideration of $40,000. This amount will be reduced from the debt the company has towards Mr. Labrecque. This debt was accumulated by unpaid salary to Mr [...]
Glen Eagle Resources Inc. is pleased to report that Cobra Oro, a wholly owned Honduran subsidiary of Glen Eagle, continues to export gold at record pace. In terms of production throughput and cash flow, Cobra Oro has realized its best third quarter ever, allowing the Company to improve its balance sheet by paying back all short term debt [...]
Glen Eagle Resources Inc. is pleased to report that Cobra Oro, a wholly owned Honduran subsidiary of Glen Eagle is doing a second export based on ore production for the month of August. Sales reached $CDN 425,000 for the last two months despite having processed low grade ore of 2.0 grams gold per ton over the same period. In terms of production [...]
Glen Eagle Resources Inc. is pleased to announce that its Cobra Oro gold processing plant in Honduras has reached optimum operating capacity in July. Throughput peaked on several days at 150 tons and has stayed regularly above 80 tons per day. The average grade processed for the month of July was 2.4 grams per ton. The ore was provided by its [...]
Glen Eagle Resources Inc. has granted 1,450,000 stock options to officers, directors and employees of the Company. Options are valid for a period of five years until June 25, 2024, with an exercise price of $0.105 and are subject to the terms and conditions of the stock option plan approved at the last shareholders annual meeting on June 26, 2019 [...]
Glen Eagle Resources Inc. is pleased to announce that it has signed an agreement with Sociedad Industria Extractiva S.A. to bring a steady flow of ore to the Cobra Oro gold plant. This is the third contract that Cobra Oro has added this year to secure sufficient supplies to feed its operations. Sociedad Industria Extractiva is an important land and [...]
Glen Eagle Resources Inc. 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 Resources Inc. announced on December 18, 2018 that a verbal agreement was reached with Inception Mining to provide the Company with a constant flow of ore supply to be processed at Glen Eagle’s gold plant in Honduras. Today, the Company is pleased to announce that a one year contract was recently signed between both companies to [...]
Glen Eagle Resources Inc. is pleased to report that the Ministry of Mines of Honduras, in conjunction with the Small Miners Cooperative of the municipality of el Corpus, Choluteca, Honduras, have called a meeting on April 14, 2019 with Cobra Oro, Glen Eagle’s production subsidiary in Honduras. The miners wish to discuss forming a joint [...]
Glen Eagle Resources Inc. is pleased to announce that a supply agreement was signed recently between Cobra Oro de Honduras and Compania Minera Moloncosa S.A. Through its new partnership, Minera Moloncosa has committed to supply Cobra Oro with high grade ore coming from its private underground mine. The mine has been in operation for more than 30 [...]
Glen Eagle Resources Inc. has granted 350,000 stock options to two officers and one consultant, including a new officer that was elected at the last shareholder’s meeting on June 2018. Options are valid for a period of five years until January 24th, 2024, with an exercise price of $0.13 and are subject to the terms and conditions of the stock [...]
Glen Eagle Resources Inc. is pleased to announce that it has closed in recent weeks two additional agreements with new providers that could potentially increase daily tonnage by 100 tonnes in excess of what the Company already processes at its Cobra Oro gold plant in Honduras. Through its new partnerships, Cobra Oro was able to process in early [...]