MONTRÉAL, QUÉBEC--(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."
Contact Information:
Jean Labrecque, President
Toll free: 1-855-229-4488
www.gleneagleresources.com