Glen Eagle Exports $315 000 in Precious Metals
MONTREAL, QUEBEC--(Marketwired - Sep 28, 2016) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that Cobra Oro de Honduras, a wholly owned subsidiary by Glen Eagle just exported and sold to NTR Metals $315 000 in gold and silver. The shipment covers a period of six weeks from August 1, 2016 to September 15, 2016.
The company´s objective for future exports is to continue its shipments of Precious Metals every six weeks to maintain a balance between incoming cash flow and lowering its fixed cost ($9000) attached to each export.
Cobra Oro has improved considerably the efficiency of its gold processing plant in Honduras and expects higher revenues in the immediate future as a result.
Gilles Laverdiere, PGeo, a qualified person under National Instrument 43-101 has approved the content presented herein.
Neither the 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. All the amounts quoted in this News Release are in Canadian dollars.