InvestorsHub Logo
Followers 109
Posts 6729
Boards Moderated 0
Alias Born 01/05/2012

Re: OTCdoc post# 128

Monday, 01/05/2015 11:59:52 PM

Monday, January 05, 2015 11:59:52 PM

Post# of 167
http://www.prnewswire.com/news-releases/globalmin-ventures-inc-now-with-100-of-the-guyana-platinum-project-267639891.html Ensurge, Inc. ESGI, -57.14% reported today that it has commenced discussions, and is in negotiations, with Mojave Gold Corporation to participate in the exploration of Platinum Group Minerals (PGMs) in Guyana.

The Company has previously worked with Mojave in exploring the alluvial presence and recovery of PGMs at a test site on the Mazaruni River in Guyana. Recent international market developments in PGMs have increased investor interest in the exploration of PGMs in Guyana.
Formally Yukon Gold Corporation, Inc.

OAKVILLE, ON, July 18, 2014 /PRNewswire/ - GlobalMin Ventures Inc. (the "Company") (OTC Market: YGDC/new symbol GMVI)

The Company is pleased to announce that it entered into binding agreements for the Company to acquire 100% ownership of the Guyana Platinum Project ("GPP").

The original agreement to purchase the 77% interest in the Guyana Platinum Project held by GlobalMin LLC ("GlobalMin") previously announced in a press release on March 24, 2014 has now been replaced by two agreements. Due diligence carried out by the Company determined that the Agreement may have had certain tax consequences and therefore needed to be amended and replaced by two agreements; 1.) between GlobalMin Guyana Inc.("GGI"), its Directors, and the Company (the "GGI Agreement") and 2.) between GlobalMin, and the Company (the "Acquisition Agreement").

The Acquisition Agreement with GlobalMin remains substantially the same as the original Agreement less the acquisition of 100% of GGI for which the Company will issue 20,000,000 shares.

The "GGI Agreement" with GGI and the Directors of GGI, further defines the acquisition of 100% of control of GGI and the requirement to form a subsidiary in Barbados for the US Tax Treaty benefits.

A binding formal agreement with Mojave Gold Corporation ("Mojave") replaces the Letter of Intent ("LOI") previously announced in a Press Release dated June 3, 2014. The Company will issue Mojave 20,000,000 shares of which 5,000,000 will be delivered to the Lenders to settle a lawsuit issued against Mojave, GlobalMin, and GGI.

The closing of all the Agreements is scheduled for July 28, 2014 or on receipt of the prospecting licenses. Following closing of the Agreements, debt settlement and initial financing the Company will have 60,195,073 shares outstanding.

As previously noted in our Press Release dated June 3, 2014, the applications for the (10) Prospecting Licenses covering 128,000 acres (200 square miles) are currently being processed. Several recent trips to Guyana have yielded a positive, supportive relationship with the Government and assurances that the 10 Prospecting Licenses, needed to further develop and drill these areas, should be issued over the next 60 days. Once received, it remains the Company's intentions to test drill the 3 identified targets in the final quarter of 2014.

The Company has completed the name change to GlobalMin Ventures Inc., a 10 for 1 rollback where 10 existing common shares will be replaced by 1 common share with fractional shares averaged up and no shareholder receiving less than 100 shares. The Company has also adopted a 2014 Stock Option Plan. The current trading symbol will be reflected as "YGDCD" for the next 20 business days after which it will be replaced by the new symbol GMVI.

Peter Shepherd comments, "With 100% interest now in GlobalMin Ventures Inc. we find ourselves in a stronger position to access the public markets for capital and financing for this exciting Platinum Project. All parties have worked hard to make this happen and now as one team we will go forward from here and execute on our exploration plans with the potential of discovering a new World Class Platinum deposit."
Just connect all the DOTS i.e. YUKON GOLD > MOJAVE > globalmin-ventues and Ensurge Inc