Globex Mining buys, sells Duverny gold claims
Globex Mining Enterprises Inc. has purchased a block of 69 claims located in Duverny township, Quebec, from the beneficiaries of the estate of Jean Roger Beauchemin. The claims adjoin both the Duvay gold property currently held by Secova Metals Corp. and the Fontana gold property under option to Tres-Or Resources Ltd. from Globex. Under the terms of the agreement, Globex paid $85,000 in Globex shares (280,000 shares at time of signature), $15,000 in cash and reserved a 1.8-per-cent net smelter royalty to the estate purchasable at any time for $360,000.
Concurrently, Globex has sold the 69 claims to Secova for a cash payment of $136,500 (received), one million Secova shares (pending), a 1.5-per-cent gross metal royalty payable to Globex and assumption of the 1.8-per-cent NSR obligation to the beneficiaries of the Beauchemin estate.
The 69 claims cover areas with significant gold potential.
This press release was written by Jack Stoch, PGeo, president and chief executive officer of Globex in his capacity as a qualified person under National Instrument 43-101.
http://www.globexmining.com/news.php
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