Back to Main

Glen Eagle Signs Licensing Agreement with B2 Gold

By: MT Newswires
Posted: 5/30/2013 12:40:00 PM
Referenced Stocks: NSR

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.