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Glen Eagle Resources Inc
Symbol GER
Shares Issued 82,868,108
Close 2020-02-11 C$ 0.08
Recent Sedar Documents

Glen Eagle to issue 500,000 shares for debt

2020-02-12 15:55 ET - News Release

Mr. Jean Labrecque reports

SHARE FOR DEBT TRANSACTION

Glen Eagle Resources Inc.'s president, Jean Labrecque, is purchasing a total of 500,000 shares from the treasury at yesterday's price, eight cents per share, for a total consideration of $40,000. This amount will be reduced from the debt the company has toward Mr. Labrecque. This debt was accumulated by unpaid salary to Mr. Labrecque in the last four months. Consequently, this represents a share for services rendered transaction. The transaction is subject to the approval of the TSX Venture Exchange and non-interested shareholder's at the annual meeting.

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