MONTREAL, QUEBEC -- (Marketwired) -- 05/25/15 -- Glen Eagle Resources Inc. (TSX VENTURE: GER) ("Glen Eagle" or the "Company") is pleased to announce the closing of a non-brokered private placement at a price of $0.10 cents per Unit, each Unit being comprised of one (1) common share and one half (1/2) common share purchase warrant at an exercise price of $0.15 per warrant share valid for a period of 24 months following the Closing Date. The total proceeds ($150,000) of the "Offering" will be allocated to working capital and as a result 1,500,000 common shares were issued by the Company. A finder's fee equal to 8% of the gross proceeds was paid in consideration for the services.
All securities issued pursuant to the Offering are subject to a hold period ending on September 23, 2015. As a result of the issuance of the securities, the Company has 62,228,108 common shares issued and outstanding.
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.
Contacts:
Glen Eagle Resources Inc.
Jean Labrecque
CEO
1-450-229-4488
www.gleneagleresources.com
