pcNewsWire – Globex Mining Enterprises Inc. (TSX: GMX; FSE: G1MN; OTCQX: GLBXF) has completed a private placement of 1,119,718 “flow‐through” common shares at a price of $0.71 per share for proceeds to Globex of $795,000.
Globex intends to use the proceeds from the private placement for exploration on certain of its properties in Québec.
News Release
Globex Mining Enterprises Inc. Completes $795,000 Private Placement
Rouyn‐Noranda, Québec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International) is pleased to announce that it has completed a private placement of 1,119,718 “flow‐through” common shares at a price of $0.71 per share for proceeds to Globex of $795,000. Globex intends to use the proceeds from the private placement for exploration on certain of its properties in Québec.
As a result of the private placement, there are 50,172,424 common shares of Globex issued and outstanding. Under applicable securities legislation, the shares issued in the private placement are subject to a four‐month hold period expiring on October 22, 2017.
We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b)
CUSIP Number 379900 50 9
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn‐Noranda, Quebec Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
info@globexmining.com
www.globexmining.com
