From what i have heard, the REAL Globex Mining Enterprises (GLBXF) has threatened litigation against GLOBEX INC. (GLXI) unless they changed their name. Hence the reason why they are changing to Umining Resources.
Globex Mining Enterprises Inc.: Company Report146-14th Street
Industry : GoldEmployees : 3Exchange : Other OTC Issues
Globex Mining Enterprises Inc. is a Canadian exploration company with a North American portfolio of properties with gold, copper, zinc, silver, platinum, palladium, magnesium and talc potential. Several of the properties are being actively explored by the Company or its option or joint venture partners, but none are in the development phase. The Wood-Pandora, a 50/50 gold-exploration joint venture program, commenced during the year ended December 31, 2004, with Globex as operator. During the year ended December 31, 2005, 1,032.8 meters (3,388.4 feet) of diamond drilling were completed as the exploration program continued with drilling phases 2, 3 and the commencement of phase 4. In January 2003, the Company acquired a 50% interest in the Wood Gold Mine property. Its wholly owned subsidiary is Globex Nevada Inc.