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Glen Eagle expands Cobra Oro gold plant landholding in Honduras

Glen Eagle Resources Inc. said Oct. 6 that its Cobra Oro gold processing plant acquired 15,000 square meters of land for about C$350,000 in Choluteka, Honduras.

Based on the transaction, Cobra Oro purchased its own free-trade zone, which will reinforce past tax exemptions, cancel rent and further secure its ongoing expansion program.