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