Glen Eagle Updates Loan Terms and Strategy
Company Announcements

Glen Eagle Updates Loan Terms and Strategy

Story Highlights

Glen Eagle Resources (TSE:GER) has released an update.

Glen Eagle Resources Inc. has updated the terms of a promissory note for a secured loan of CAD$560,000, with a new interest rate of 12.75% per annum, due by April 1, 2027. The company will also allocate 15% of its monthly cash payments from Gold Max towards loan repayment, enhancing its financial strategy for asset monetization in Honduras.

For further insights into TSE:GER stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskGlen Eagle Resources Strikes Deal on Cobra Shares
TipRanks Canadian Auto-Generated NewsdeskGold Basin Secures Loan for Exploration and Operations
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App