$GER.V

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Glen Eagle to Sell Honduran Subsidiary for $2.9 Million

Glen Eagle Resources (GER.V) signed a definitive agreement to sell subsidiary Cobra Oro Honduras to Canaan Minerals for about $2.9 million.Canaan will also settle up to $600,000 in certain obligations of Cobra Oro, Glen Eagle said late Tuesday.The transaction is expected to close in the fourth quarter, according to Glen Eagle.

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