Wednesday, March 07, 2007 8:42:28 AM
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.
Management also announced that is in the process of preparing both a SB-2 Filing and audited financial statements in order to become a fully reporting Corporation according to the standards set by the Governing authorities.
All statements are my opinion!!
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