Glen Eagle further announces that the first payment of $500,000 dollars under the Option Agreement has been made by First Phosphate Corp. Two more payments of the same amount are due on October 17, 2022 and on February 17, 2023. The Company remains confident that the transaction will be highly beneficial to its shareholders based on 6,000,000 shares that the Company will retain within First Phosphate, the strength of its management team and their recent achievements since optioning Moose Lake.
The Company’s shareholders can follow First Phosphate recent achievements and reading their investors presentation at www.firstphosphate.com
Glen Eagle Resources is a small gold producer and exploration company operating a gold processing plant in Honduras.
For more information, please contact:
President, Glen Eagle Resources
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.