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Glen Eagle Resources Inc.: Glen Eagle Announces $150,000 Private Placement

^{Published on 2009-06-30 18:37:10, Last Modified on 2009-06-30 18:37:31 - Market Wire}
 

MONTREAL, QUEBEC--(Marketwire - June 30, 2009) - Glen Eagle Resources Inc. (TSX VENTURE:GER)("Glen Eagle" or the "Company") announces its intention to complete a non-brokered private placement of up to 1,000,000 units at a price of $0.15 per unit. Each unit shall be comprised of 1 common share and 1 common share purchase warrant ("warrants"). The warrants shall have an expiration date of 3 years from closing of the Offering and be exercisable at $0.20 per share. Glen Eagle will pay a finder's fee subject to allowable TSX Venture rules. The proceeds shall be used for working capital. The securities issued pursuant to the Offering will be subject to a 4 month hold period. This financing is subject to TSX venture approval.

Also, an amended information circular was filed on SEDAR for Glen Eagle Resources on June 23, 2009 to fully comply with 51-102A6, regarding the compensation of upper management. Specifically, the tables on pages 4 and 5 have been modified to reflect this.

The TSX does not accept responsibility for the adequacy or accuracy of the release.