GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the USA) is pleased to inform shareholders that it has entered into a definitive Purchase Agreement to sell the Francoeur/Arntfield/Lac Fortune gold property to Yamana Gold Inc. (TSX:YRI; NYSE:AUY; LSE:AUY).
The property, located in Abitibi, Québec, adjoins Yamana’s Wasamac Gold Mine project on which Yamana is currently working in order to advance to production.
The Globex property includes a number of former gold mines and areas of excellent gold exploration potential.
Exploration by Globex has demonstrated the potential for finding additional areas of significant gold mineralization.
In addition to the Francoeur/Arntfield/Lac Fortune property, as part of the transaction Yamana will acquire 30 claims in Beauchastel township to the east of the Wasamac Gold Mine property and three claims in Malartic township from Globex.
Under the Purchase Agreement, Globex will receive the following cash and share payments from Yamana: Upon closing of the transaction: $4,000,000, which will be satisfied by Yamana issuing 706,714 shares to Globex at a deemed price of $5.66 per share. Based on the closing price of Yamana’s shares on the Toronto Stock Exchange on Friday, June 11, 2021 of $6.22, the 706,714 Yamana shares have a current market value of $4,395,761.08; On: - first anniversary of closing: $3,000,000 in cash - second anniversary of closing: $2,000,000 in cash - third anniversary of closing: $3,000,000 in cash - fourth anniversary of closing: $3,000,000 in cash Based on Yamana’s current trading price, the total cash and share consideration is $15,395,761.08, of which Globex will receive $7,395,761.08 in cash and shares within the first year.
Globex may elect to receive one or more of the four anniversary payments in Yamana shares.
If Globex so elects, the number of shares issued by Yamana will be based on the volume weighted average trading price of Yamana’s shares for the five trading days immediately preceding the date of payment.
In addition, Globex will retain a 2% Gross Metal Royalty on all mineral production from the Francoeur/Arntfield/Lac Fortune property and the 30 Beauchastel and three Malartic township claims, of which 0.5% may be purchased by Yamana for $1,500,000. LEGAL*53348308.2 2 Yamana has agreed to assume payment of the three underlying royalties on the properties and will make a final environmental bond payment of $223,633.50 currently due by Globex on the Francoeur Mine in July 2021, after which Globex will transfer the bond to Yamana. Globex is pleased to have entered into the Purchase Agreement with Yamana, which will provide Globex with revenue for the next four years as well as a significant royalty stream should a mineral deposit on the property package enter into production.
Closing of the sale, which is expected to take place on June 21, 2021, is conditional upon regulatory approval and standard closing conditions.
This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.
We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 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
Forward Looking Statements: Except for historical information, this news release may contain certain “forward looking statements”. These statements may involve a number of known and unknown risks and u
$Globex Mining Enterprises Inc. Announces Normal Course Issuer Bid Entreprises Minières Globex Inc. Thu., July 8, 2021, 5:30 a.m.
GLBXF +4.17% ROUYN-NORANDA, Quebec, July 08, 2021 (GLOBE NEWSWIRE) --
$GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to announce that the Toronto Stock Exchange (“TSX”) has approved Globex’s normal course issuer bid (“NCIB”).
Under the NCIB, Globex will be entitled to repurchase for cancellation up to 1,000,000 common shares, representing approximately 1.82% of Globex’s issued and outstanding shares as of June 30, 2021, over a twelve-month period starting on July 12, 2021 and ending on July 11, 2022.
The purchases by Globex will be effected through the facilities of the TSX and on other alternative trading systems in Canada, and will be made at the market price of the shares at the time of the purchase. Globex had 55,089,817 common shares issued and outstanding as of June 30, 2021, of which 48,708,726 shares constitute the “public float”.
During the most recently completed six months, the average daily trading volume for Globex’s common shares on the TSX was 91,628 shares. Consequently, under the policies of the TSX, Globex will have the right to repurchase during any one trading day a maximum of 22,907 common shares, representing 25% of the average daily trading volume. In addition, Globex may make, once per calendar week, a block purchase (as such term is defined in the TSX Company Manual) of common shares not directly or indirectly owned by insiders of Globex, in accordance with the policies of the TSX.
Globex intends to acquire the common shares because it believes that the repurchase of common shares at certain market prices is beneficial to Globex and its shareholders. Globex intends to make any purchases on an opportunistic basis, taking share price and other considerations into account.
Any purchases made pursuant to the NCIB will be made in accordance with the requirements of the TSX. Except for exempt offers, Globex will make no purchases of common shares other than open market purchases during the period of the NCIB.
GLOBEX seeks to create shareholder value by acquiring mineral properties, enhancing them and either exploring, optioning or joint venturing them, developing them to production, or in some cases selling projects outright.
Our property information is currently being updated. Contact us at any time for details on any of our properties.
$Globex Sells Tarmac Gold Property to Wesdome Rouyn-Noranda, Québec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and
$GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has sold its Tarmac Gold Property (the “Property”) located in Dubuisson Township, Quebec to Wesdome Gold Mines Ltd. (WDO-TSX)(“Wesdome”) for one million dollars ($1,000,000) and a 1% Gross Metal Royalty.[/B]
[B]The Property consists of 6 claims covering 94 hectares located entirely within Wesdome’s Kiena Mine Complex and less than 2 kilometers northeast of the Kiena underground mine, all located beneath Lac De Montigny.
Previous drilling by Globex in 1996 returned numerous gold intersections such as holes TM-10 (14.22 g/t Au, 84.1 g/t Ag and 6.49% Cu over 1.2 m) and TM-24 (29.92 g/t Au and 22.4 g/t Ag over 2.24 m). Globex has maintained the Property since the 1996 drilling program due to the evident economic potential. The Property is surrounded on all sides by Wesdome claims, thereby positioning the company to facilitate the potential exploration and advancement of these claims. The technical content of this press release has been compiled, reviewed and approved by Jack Stoch, Geo., President and CEO of Globex, and a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 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
Globex Options Former Eagle Gold Mine Rouyn-Noranda, Quebec, Canada.
GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, L&S Exchange, TTM Zone, Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholdersthat it has optioned the 77-hectare, Eagle Gold Mine property located in Joutel township, Quebec to Maple Gold Mines Ltd.
Under the agreement, Maple has the option to pay $1,200,000, half in cash and half in shares, over a 5- year period to Globex and undertake $1,200,000 in exploration over 4 years in order to earn 100% interest in the Eagle Gold Mine property.
The terms of the option are the following: Anniversaries ½ Cash, ½ Shares Work Comme
$GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has sold its Tarmac Gold Property (the “Property”) located in Dubuisson Township, Quebec to Wesdome Gold Mines Ltd. (WDO-TSX)(“Wesdome”) for one million dollars ($1,000,000) and a 1% Gross Metal Royalty.[/B]
[B]The Property consists of 6 claims covering 94 hectares located entirely within Wesdome’s Kiena Mine Complex and less than 2 kilometers northeast of the Kiena underground mine, all located beneath Lac De Montigny.
Previous drilling by Globex in 1996 returned numerous gold intersections such as holes TM-10 (14.22 g/t Au, 84.1 g/t Ag and 6.49% Cu over 1.2 m) and TM-24 (29.92 g/t Au and 22.4 g/t Ag over 2.24 m). Globex has maintained the Property since the 1996 drilling program due to the evident economic potential. The Property is surrounded on all sides by Wesdome claims, thereby positioning the company to facilitate the potential exploration and advancement of these claims. The technical content of this press release has been compiled, reviewed and approved by Jack Stoch, Geo., President and CEO of Globex, and a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 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
Investmentpitch Media’s feature company is Globex Mining Enterprises (TSX:GMX) (OTCQX:GLBXF) ( FSE:G1MN), an exploration and holding company with a large portfolio of assets | InvestmentPitch
Globex Acquires Royalty on Large Quebec Land Package T.GMX | 10 hours ago ROUYN-NORANDA, Quebec, Oct. 25, 2021 (GLOBE NEWSWIRE) --
$GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix DüsseldorfStock Exchangesand GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has acquired a 2% royalty equivalent to a Gross Metal Royalty (GMR) herein called “the RN Mining Camp Royalty” covering a significant length of the Cadillac Break east of Rouyn-Noranda and an additional large block of claims northwest of Rouyn-Noranda (See map attached).
Globex initially entered into discussions with the estates of two well- known and respected prospector/entrepreneurs following the purchase by Globex of the Rouyn Merger Gold Property (see press release dated August 5, 2021) on which a 2% royalty was held by the estates.
Globex was successful in acquiring the royalty and thus eliminating it on the 6.5 kilometers of the Cadillac Break, numerous gold occurrences and zones and surrounding rocks which are within the Rouyn Merger property boundary. In the same purchase, Globex acquired royalty interests which extends both east and northwest of the Rouyn Merger property including on the Heva-Hosco Gold Property owned by Hecla Quebec Inc.
This Heva-Hosco property includes the following NI 43-101 gold resources as reported by Hecla Mining Co.:
Heva Indicated Resources Inferred Resources 1,266,000 Tons @ 0.06 oz/ton Au (1.866 g/t Au) 2,787,000 Tons @ 0.08 oz/ton Au (2.488 g/t Au) Hosco Indicated Resources Inferred Resources 29,287,000 Tons @ 0.04 oz/ton Au (1.244 g/t Au) 17,726,000 Tons @ 0.04 oz/ton Au (1.244 g/t Au) (Source : Hecla Mining Web site, ‘’as at December 30, 2020 ‘’) To the northwest and adjoining to the Rouyn Merger property, an additional large block of claims held by Falco Resources Ltd. is also subject to the 2% royalty, covering, in part, the Horne Creek Fault.
The 2% royalty also applies to a very large block of claims northwest of Rouyn-Noranda covering the gold hosting Flavrian tonalite pluton and basic and felsic volcanic rocks along the western boundary of the pluton, all currently held by Falco Resources Ltd.
This royalty area includes numerous showings and drill indicated areas of gold and base-metal mineralization both in the pluton and within the volcanic rocks.
Globex is pleased to have acquired the royalty which was paid for by the issuance of 150,000 Globex shares.
Both Falco and Hecla have been notified of Globex’s royalty purchase.
Please see the adjoining map which shows the RN Mining Camp Royalty purchase area outlined in black and other royalties and properties held in the immediate area by Globex.
This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.
We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 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
Forward Looking Statements: Except for historical information, ----A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com.
A map accompanying this announcement is available at
Forward Looking Statements: Except for historical information, this news release may contain certain "forward looking statements". These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ("Globex"). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the "Annual Information Form" filed by Globex on SEDAR at www.sedar.com. Do your Due Diligence, of course.
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$GLOBEX MINING ENTERPRISES INC (GLBXF)(GBX:TSE) Acquires Large Uranium Land Package ROUYN-NORANDA, Quebec, Nov. 17, 2021 (GLOBE NEWSWIRE) --
GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Dsseldorf and Quotrix Dsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to report to shareholders that it has acquired by staking 66 claims totaling 3,590 hectares (8,871 acres) in DesHerbiers Township, Quebec (NTS 12L07) regional county municipality of Minganie, northwest of the town of Baie-Johan-Beetz.
The property was staked to cover numerous occurrences of low to moderate grade uranium mineralization exposed both in surface trenching and channel sampling as well as reported in numerous drill holes of the 403 holes (57,663m) drilled to date on the claims.
Forward Looking Statements: Except for historical information, ----A more detailed discussion of the risks is available in the “Annual Information Form” filed by Globex on SEDAR at www.sedar.com.
A map accompanying this announcement is available at
Forward Looking Statements: Except for historical information, this news release may contain certain "forward looking statements". These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ("Globex"). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the "Annual Information Form" filed by Globex on SEDAR at www.sedar.com. Do your Due Diligence, of course.
Prospectors, Explorationists & Developers Expand your Reach through our Multiple Media Campaigns utilizing Media Partners with huge, engaged audiences.
Join our ~1,450 clients in their success.
David W. O'Brien 604 987 6657 * 236 987 6657
Hundreds of testimonials... ask me!
International Mining Research CENTRE DOBrien@InternationalMiningResearch.com (604) 987 6657 (236) 987 6657 *cell
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