Share for debt transaction
February 12 2020 - 3:49PM
Glen Eagle Resources Inc. (TSX VENTURE: GER) (“Glen Eagle” or the
“Company”) is pleased to report that the President Jean Labrecque
is purchasing a total of 500,000 shares from the treasury at
yesterday price, $0.08 per share, for a total consideration of
$40,000. This amount will be reduced from the debt the company has
towards 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 TSX Venture and
non-interested shareholder’s at the annual meeting.
Jean Labrecque, PresidentGlen Eagle Resources
IncComplexe du Canal Lachine, Suite 3084710 St-Antoine
StreetMontreal (Quebec)Tel : 514-808-9807
“Neither 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.” Values in the news release are
quoted in Canadian dollars.
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