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Message: GER financing revealed?

GER financing revealed?

posted on Jun 18, 2009 10:23AM

The Kinbauri thing is not settled but today's Press Release show that our CEO had more than just a Plan A!

the news:"Glen Eagle Resources Inc.: Nomination to the Board of Directors
6/18/2009 9:27:03 AM - Market Wire

MONTREAL, QUEBEC, Jun 18, 2009 (MARKETWIRE via COMTEX News Network) --

Glen Eagle Resources Inc. (TSX VENTURE: GER) ("Glen Eagle Resources" or the "Company") is honored to announce the nomination of Mr. Hossam Elazab Mohamed Shatta to the Board of the Directors of the Company.

Mr. Hossam will act as "Financial Advisor to the Board" and will oversee the utilization of funds entrusted by his investment group, including amongst others His Royal Highness the Prince of the Saudi Royal Family.

Furthermore, Mr. Hossam's mandate will be to assist the Company in validating acquisitions in future gold, copper and mineral projects of mutual interest with the purpose to establish a continuum of production to European and Middle Eastern gold refineries where his investment group has a direct interest.

Mr. Hossam has a law degree from AIN SHAMS University in Cairo and has worked in banking and M&A over the last two decades. He is currently acting as a financial advisor to many prominent businessmen and dignitaries from the Middle East.

We welcome Mr. Hossam and look forward to working with him and his Investors. His nomination will be subject to TSX approval.

The TSX does not accept responsibility for the adequacy or accuracy of the release.

Contacts: Glen Eagle Resources Inc. Jean Labrecque, President 514-938-4888 514-938-0644 (FAX) jl@gleneagleresources.com

SOURCE: Glen Eagle Resources Inc.

mailto:jl@gleneagleresources.com "

Now, that's news, IMO, without the Kinbauri problem, I think Glen Eagle would have soared higher today...

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