Wallbridge Mining Company Limited press release
GLEN EAGLE RESOURCES INC. ANNOUNCES PRIVATE PLACEMENT
TSX - Toronto Stock Exchange · Gold · Canada
Apr. 28, 2011 (TheNewswire.ca) --
Montreal, Quebec, April 28, 2011 - Glen Eagle Resources Inc. (TSXV:GER) (OOTC:GERFF) (TSX VENTURE EXCHANGE: GER)("Glen Eagle" or the "Company") announces that it is currently proceeding with a non brokered private placement priced at $0.40 per Flow Through common shares. According to the terms of the private placement, the Company plans to raise up to $800,000 by issuing 2,000,000 Flow Through Common shares. The closing of the private placement is expected to occur on or before May 18, 2011. Finder's fees may also be applicable.
Most of the proceeds from this private placement will be used for exploration work on the Company's Lac Lisette phosphate project in Quebec.
The private placement is subject to regulatory approval. In accordance with applicable securities legislation, the securities issued in connection with the private placement will be subject to a four-month hold period following the closing of the Offering.
FOR FURTHER INFORMATION CONTACT:
Jean Labrecque, President jl@gleneagleresources.com
Glen Eagle Resources Inc
999 DeMaisonneuve West
Suite 725
Montreal, Quebec
Tel: 514 938-4888
Website: www.gleneagleresources.com
François Marcotte
Consultant & Investors Relations
Tel: 450-536-0279
"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"
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