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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