Today's news, (see below,) should have been enough to keep Glen Eagle above the .20 but the other news of the reduced PP at .11 with warrants at .15 leaves a very bad impression even though the amount is small.

The next few days could be critical, in a sense.

go

"2009-07-08 12:16 ET - News Release

Mr. Jean Labrecque reaports

GLEN EAGLE WINS RIGHT TO PROCEED TO ARBITRATION

In a written endorsement of the Ontario Superior Court of Justice released on July 6, 2009, Justice Wilton-Siegel has confirmed his verbal ruling on June 29 that permits Glen Eagle Resources Inc. to proceed in arbitration against Kinbauri for Kinbauri's repudiation of the subscription agreement between Glen Eagle and Kinbauri dated May 8, 2009 (pertaining to the aborted sale to Glen Eagle of a 45-per-cent interest in the El Valle/Carles gold and copper project in northwestern Spain). It should be noted that, to date, the court has not heard a complete evidentiary record to be able to fully consider the evidence Glen Eagle intends to tender at the arbitration (as a full evidentiary record was not required for the court proceedings). Glen Eagle is confident that, once a full evidentiary record is considered, Glen Eagle will be successful in the arbitration. .."