MONTREAL – TheNewswire – June 4th, 2021 — ( ) (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.
Finder’s fees of $1,500 cash was paid for the placement.
Proceeds will be used for exploration work, spare parts purchases for Cobra Oro gold processing plant in Honduras and working capital.
The private placement is subject to regulatory approval in accordance with applicable securities legislation. The securities issued in connection with the private placements will be subject to a four-month hold period following the closing of the Placements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Jean Labrecque, President
Glen Eagle Resources Inc
2075 Victoria Street, #201
Tel : 514-808-9807
Copyright (c) 2021 TheNewswire – All rights reserved.
Portofino Completes Agreement with REMSA for the First Lithium Project in Salta, Argentina
PORTOFINO RESOURCES INC. (TSX-V: POR) (OTCQB: PFFOF) (FSE: POTA) (“Portofino” or the “Company”) is pleased to announce the execution of a definitive collaboration agreement…
Canadian Junior Explorer Has Three Nevada Gold Projects Permitted & Ready to Drill
ARCTIC STAR: ZEROING-IN ON CANADA’S NEXT DIAMOND MINE?
Energy & Critical Metals22 hours ago
E3 Lithium Outlines 23.4 Mt LCE Inferred Mineral Resource in Consolidated Bashaw District
Financing News22 hours ago
PureGold Enhances Credit Facility, Closes US$6 Million Additional Credit Facility and Launches Strategic Review Process
Precious Metals12 hours ago
Understanding the Gold Cycle
Economics12 hours ago
It’s Game-Over For The Fed – Expect A Monetary “Rug Pull” Soon…
Economics6 hours ago
Joint Review Panel delivers EA Report on Generation Mining’s Marathon project
Economics7 hours ago
Why Labor Productivity Has Collapsed