03:46 PM EST - Glen Eagle Resources Inc. : announced that it has signed a Letter of Intent to purchase from an arm's length private party, Gestion Cobra Gold International Inc. 80% of all outstanding and issued shares of Cobra Oro de Honduras SA. The Transaction will entitle Glen Eagle to own 100% of the inventory related to the gold processing plant located in a protected Free Trade Zone, southern Honduras near Nicaragua. Glen Eagle Resources Inc.
shares V.GER are trading up $0.045 at $0.16.
