Globex Receives Gwillim Option Payment
September 19 2023 - 9:00AM
GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock
Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,
Tradegate, Lang & Schwarz, LS Exchange, TTMzero,
Düsseldorf and Quotrix Düsseldorf Stock
Exchanges and GLBXF – OTCQX
International in the US) is pleased to inform shareholders
that TomaGold Corporation (“TomaGold”) (TSXV-LOT, OTCQB -TOGOF) has
made the first year payment of $15,000 and 625,000 TomaGold shares
to Globex for the option of
Globex’s 5 claim Gwillim
property in Barlow township, Quebec.
Under the option, TomaGold may earn 100%
interest in the property by making $130,000 in cash payments,
paying 625,000 TomaGold shares upon signing and an additional
$100,000 TomaGold shares over the 4-year option period divided
equally per year based upon a 20-day VWAP and undertaking
$1,500,000 in exploration work. Globex will
maintain a 3% Gross Metal Royalty, 1% of which TomaGold may
purchase for $1,500,000.
Preliminary prospecting by Globex had sampled up
to 57.1 g/t Au and 0.96% Cu over a 1 m channel
sample. The optioning of these Globex claims is another
step in TomaGold’s efforts to consolidate the Chibougamau Mining
Camp.
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 9LEI 529900XYUKGG3LF9PY95 |
For further information, contact: |
Jack Stoch, P.Geo., Acc.Dir.President & CEOGlobex Mining
Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X
2J1 |
Tel.: 819.797.5242Fax: 819.797.1470 info@globexmining.com
www.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 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.
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