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MONTREAL - TheNewswire -June 4th, 2021 - Glen Eagle Resources Inc. (TSXV:GER) (OTC:GERFF)(or 'the Company')is pleased to announce the closing of a sold out non-brokered private placement for $600,000 representing the issuance of 12,000,000 units priced at $0.05 cents, comprised of one common share and one common share purchase warrant at an exercise price of $0.08 for a period of 24 months.
Sixty-six per cent (66%) of the placement was sold to two Canadian investors with international exposure to the mining industry across several continents with sales exceeding $100M through their private corporations. Both participants are committed to bring their support and know-how to help the Company succeed with its operations in Honduras.