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Listed & Nasdaq
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Oil/Gas/Natural Energy Production
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U-Mining Corporation (UMNG)
UMNG Stock Quote - News - Chart
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Posted by:
EarnestDD
Date:
Wednesday, March 28, 2007 5:07:02 PM
In reply to:
None
Post #
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The following press releases is misleading.
Trimax has never done a deal with any of the big financiers disclosed.
Trimax has done one or two financing in the oil and gas sector for a total of approx. $2 - $3 million.
I believe this PR went out to generate interest in the stock that was not justified.
IMO
Globex, Inc. Signs Asset Leverage Financing Agreement with Trimax Capital Group LTD.
2007-03-07 08:30 ET - News Release
NEW YORK, March 7 /PRNewswire-FirstCall/ - Globex, Inc. , today announced that it has signed a financing agreement with Trimax Capital Group LTD; a Calgary, AB Corporation.
Pursuant to the significant Uranium discovery on 2 of its properties, Globex Inc. has negotiated an asset leverage program of structured notes based on the value of the proven reserves discovered.
The unique agreement establishes the basis of an ongoing open structured notes asset-based system. It allows Globex to obtain the required working capital to begin Uranium extraction via the proceeds from the notes and most importantly does not result in any share dilution and maintains the book value of the Company's reserves.
Trimax Capital Group LTD specializes in financing natural resource projects in the oil and gas and mining fields. Trimax's financing program is offered in collaboration with companies such as: Nomura, Pali Capital, Dresdner Bank, JJ Wall, and Bear Stearns among others financial organizations. For further information on Trimax visit: www.trimaxcapitalgroup.com.
U-Mining Corporation (UMNG) Stock Trading Info:
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