Globex Mining arranges $1.25-million private placement

Aug 21, 2018

2018-08-17 14:01 ET – News Release

Mr. Jack Stoch reports

GLOBEX MINING ENTERPRISES INC. ANNOUNCES $1,250,000 PRIVATE PLACEMENT

Globex Mining Enterprises Inc. has arranged a private placement for maximum gross proceeds of $1.25-million. The private placement will consist of up to 2.5 million flow-through common shares at a price of 50 cents per share. Globex Mining Enterprises retains the right to limit the financing to $1-million. Globex Mining Enterprises intends to use the proceeds from the placement of the flow-through shares for exploration on certain properties in Quebec. In connection with the private placement, Globex Mining Enterprises has engaged EMD Financial of Montreal, Que., as a finder. At the closing of the private placement, Globex Mining Enterprises will pay EMD Financial a fee equal to 4.5 per cent of the gross proceeds from the private placement.

The private placement, which is expected to close on or about Aug. 31, 2018, is subject to regulatory approval, including that of the Toronto Stock Exchange

This press release was written by Jack Stoch, Geo, president and chief executive officer of Globex Mining Enterprises, in his capacity as a qualified person under National Instrument 43-101.

We seek Safe Harbor.

http://www.globexmining.com/news.php