Glen Eagle Resources Inc. (Montreal, Quebec, 28 February 2017; TSX-V: GER) reports that its project to expand Cobra Oro gold processing plant in Honduras is on schedule, allowing the Company to enter commercial production in April. The Company has received more than 30 tonnes of parts and equipment that are currently being installed to improve and increase current throughput.
The passage to commercial production implies that Cobra Oro, a wholly owned subsidiary of Glen Eagle, will no longer capitalize its expenses, enabling the company to release production numbers and an income statement on a quarterly basis. Glen Eagle expects its net margin to be robust based on in-house production results and analysis accumulated over the last twelve months.
For the latest information about Glen Eagle, please visit www.gleneagleresources.com
Jean Labrecque, President
Glen Eagle Resources Inc.
Complexe du Canal Lachine
4710 St-Ambroise Street, Suite 308
Montréal, Quebec H4C 2C7
Tel : 514-808-9807
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