Wallbridge Mining Company Limited press release
GLEN EAGLE RESOURCES AMENDS STOCK OPTIONS PLAN
TSX - Toronto Stock Exchange · Gold · Canada
May 2, 2011 (TheNewswire.ca) --
montreal, quebec - May 2, 2011 - Glen Eagle Resources (TSXV:GER) (OOTC:GERFF) Inc. (TSX VENTURE: GER)("Glen Eagle Resources" or the "Company") reports that it has amended its stock option plan from fixed to variable. The new plan allows the issuance of up to 10% of the outstanding common shares at the date of the attribution.
The Company has also issued 750,000 stock options to four directors. The options are valid for five years at a strike price of $0.32 cents.
The present modification to the plan is subject to TSX Venture and shareholder's approval at the annual meeting.
"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."
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
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