Glen Eagle Resources, March 29, 2022 (TSX VENTURE: GER) (“Glen Eagle” the “Company”, or “GER”) announces that due to a renewed interest in phosphate as a key global commodity, which Bloomberg News has recently described as one of the best growth sectors of the economy for the next ten years; the Company has decided to bring added value once again to its wholly owned Moose Lake phosphate project, located just north of Chicoutimi, Quebec.
Montreal, Quebec, CANADA – June 20, 2022 – Glen Eagle Resources Inc. (the “Corporation”) (TSXV: GER) is pleased to announce that it has entered into an option agreement (the “Agreement”) with an unlisted reporting issuer (the “Optionee”), which provides the Optionee the right to acquire (the “Option”) a 100% interest in the Moose Lake Property (the “Property”) located in the Province of Quebec. The Property is subject to a 1% NSR interest to an arm’s length third party. The NSR can be bought back for a consideration of $1,000,000.
Montreal, Quebec, CANADA – August 10, 2022 – Glen Eagle Resources Inc. (the “Corporation”) (TSXV: GER) announced on June 20, 2022 that it had entered into an option agreement with an unlisted reporting issuer (referred to as the “Optionee”) to acquire a 100% interest in the Moose Lake phosphate project located in the Province of Quebec. The Optionee’s name was not mentioned at the time. Glen Eagle can now confirm that the Optionee is First Phosphate Corp, a non-listed but compliant reporting issuer which is planning to go public in the near future.
Montreal, Quebec, CANADA – August 30, 2022 – Glen Eagle Resources Inc. (the “Corporation”) (TSXV: GER) announces that a second tranche of $500,000 dollars has been paid to Glen Eagle by First Phosphate Corp two months ahead of time following the Closing of its oversubscribed private placement completed at a price of $0.25 cents for gross proceeds of $1,758,750.