The recent news out of Glen Eagle Resources is saying a lot about how operations are going in Honduras. To consider a dividend says to me that the Company sees production continuing and growing to the point that cash will be readily available to continue expansion and exploration at the new mining concession.

Glen Eagle continues to be one of the most interesting small cap mining companies that is generating free cash flow with exploration upside.

I will be having the President Jean Labrecque on the show next week to outline this news and look forward through summer. If you have any questions please comment or email me directly – Fleck[at]kereport.com.

Click here for the latest interview with Glen Eagle Resources.

… Here is the news … Click here to visit the Glen Eagle Resources website.

GLEN EAGLE TO CONSIDER THE ISSUANCE OF AN EXTRAORDINARY DIVIDEND TO ITS SHAREHOLDERS

MONTREAL, QUEBEC–(Marketwired – Jun 29, 2017) – Glen Eagle Resources Inc. (TSX VENTURE:GER) (“Glen Eagle” or the “Company”) is pleased to announce that strong shareholder support was received at the Company’s Annual General Meeting held last week in Montreal.

As part of the agenda, the shareholders supported the motion to have an extraordinary dividend being disbursed before the end of 2017. The Company’s Board of Directors will discuss the extraordinary dividend when it meets in early August as a follow up to the AGM meeting and will assess the timing, amount of the dividend and the record date. The decision will be based on Glen Eagle’s proforma financial projections for the remainder of the year and the confidence that production and cash flow should increase substantially as the plant expansion and process optimization nears completion.

Glen Eagle remains confident that it will generate sufficient cash flow in the coming months that would warrant the issuance of a competitive extraordinary dividend to thank its shareholders who were instrumental in the production run-up of Cobra Oro processing plant.

This News Release is issued in compliance with National Instrument 51-101 Continuous and Timely Disclosure of material information with the purpose to place all participants in the market on an equal footing.

Jean Labrecque, President
Glen Eagle Resources Inc
Complexe du Canal Lachine, Suite 308
4710 St-Antoine Street
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.”