Glen Eagle Resources Signs Gold Sales Agreement with Diverse Equities
December 18 2013 - 9:34AM
Marketwired
Glen Eagle Resources Signs Gold Sales Agreement with Diverse
Equities
MONTREAL, QUEBEC--(Marketwired - Dec 18, 2013) - Glen Eagle
Resources Inc. (TSX-VENTURE:GER) ("Glen Eagle" or the "Company") is
pleased to announce that its wholly own subsidiary Sand Gold SA has
entered into a sales agreement with Diverse Equities, a company
that specializes in buying and selling gold since 1993.
Diverse Equities
will take delivery of the gold at the Managua airport in Nicaragua
by making an advanced payment to Sand Gold two days prior delivery
which will reduce to a minimum the time spread between production
and payment, enabling the company to use its working capital very
efficiently.
On another matter,
Glen Eagle has named Richard Laprairie as Operation Manager in
Nicaragua based on its past experience on similar projects. He is
currently in Nicaragua to overview the implementation of the
infrastructure. Richard is a Professional Mining/Civil Engineer
with over 38 years of international industry experience that
includes Project Management for both underground and surface mines,
mineral exploration and evaluation of exploration results, civil
engineering, mine development, mill construction and startup.
Gilles Laverdière,
P.Geo., a qualified person under NI 43-101 has approved the
technical content presented herein.
"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."
Glen Eagle Resources Inc.Jean Labrecque, PresidentToll free:
1-855-229-4488www.gleneagleresources.com
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