UPDATE: Glen Eagle Rises 8% to Day Highs; Signs Licensing Agreement with B2 Gold

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Glen Eagle Resources Inc. (GER.V) has concluded a Licensing Agreement with B2 Gold Corp (BTO.TO) to process historic mercuric tailings produced by small and independent mill operators located on the La Libertad Mine Concession in Chontales, Nicaragua.

Glen Eagle's commitment with regards to the Licensing Agreement is to recover the gold left in the tailings and recuperate mercury in the process. A Net Smelter Return ( NSR ) of 1.5% in favor to the "Small Miners Association" of La Libertad is the only financial obligation attached to the transaction.

GER was up 8% to 27 cents, hitting day highs. BTO was up 6% to $2.56.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: NSR

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