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MONTREAL, QUEBEC--(Marketwired - March 26, 2015) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that it has held the closing of a non-brokered private placement at a price of $0.15 cents per Unit, each Unit being comprised of one share and one half (1/2) common share purchase warrant at an exercise price of $0.20 cents per warrant share valid for a period of 24 months following the Closing Date. As a result, 833,000 shares were issued, bringing the total common shares issued and outstanding to 60,727,441. The issued shares will be subject to a hold period ending on July 27, 2015. The total net proceeds of the "Offering" ($125,000) will be allocated to working capital and other corporate needs. No commissions were paid at the Closing. |
