GLOBEX MINING ENTERPRISES INC. ANNOUNCES FINAL CLOSING OF $1.24 MILLION “FLOW-THROUGH” PRIVATE PLACEMENT

Jul 22, 2019

July 19, 2019 – Rouyn-Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchangesand GLBXF – OTCQX International in the US) is pleased to announce that it has held a final closing of its previously-announced private placement at which it issued 711,109 “flow-through” common shares at a price of $0.45 per share to subscribers in Quebec and 50,000 “flow-through” common shares at a price of $0.40 per share to one subscriber outside Quebec, for gross proceeds to Globex of $340,000. Globex intends to use the proceeds from the private placement for exploration on certain of its mining exploration properties in Quebec, Nova Scotia and Ontario.

Globex issued an aggregate of 1,377,775 “flow-through” common shares at a price of $0.45 per share to subscribers in Quebec and 1,550,000 “flow-through” common shares at a price of $0.40 per share to subscribers outside Quebec in the private placement for aggregate gross proceeds of approximately $1,240,000.

As a result of the second closing, there are 54,247,852 common shares of Globex issued and outstanding. Under applicable securities legislation, the shares issued at the second closing are subject to a four-month hold period.

Globex Mining Enterprises Inc.
86, 14e Rue, Rouyn-Noranda QC J9X 2J1 CANADA
Tel.: 819.797.5242, Fax: 819.797.1470
www.globexmining.com
Globex – GMX Toronto Stock Exchange . GLBXF OTCQX International . G1M Frankfurt Stock Exchange