Le Lézard
Classified in: Mining industry, Business
Subject: SHAREHOLDER RIGHTS PLANS

Globex Receives Gwillim Option Payment


ROUYN-NORANDA, Quebec, Sept. 19, 2023 (GLOBE NEWSWIRE) -- 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 9
LEI 529900XYUKGG3LF9PY95
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1

Tel.: 819.797.5242
Fax: 819.797.1470
[email protected]
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.



These press releases may also interest you

at 09:28
Academy Award-nominated actress, multi-platinum recording artist, and producer Hailee Steinfeld, in partnership with Premium Beers Group, a leader within the alcohol industry in Mexico, proudly announces the launch of Angel Margarita....

at 09:25
Power Nickel Inc. (the "Company" or "Power Nickel") has announced today the pricing of its previously announced "best efforts" private placement offering (the "Offering") for a total of 14,135,000 Quebec flow-through shares (the "FT Shares"), at a...

at 09:25
On February 9, the 12th day of the Lunar New Year, Yiwu International Trade City marked the grand opening after 2025 Chinese new year, warmly welcoming global business leaders. In preparation for the occasion, 75,000 merchants at Yiwu International...

at 09:25
Fin.Link, the leading platform for financial professionals to connect, grow, and succeed, is excited to announce the official launch of its social networking feature, designed to revolutionize how financial professionals connect, collaborate, and...

at 09:22
The New Home Lot Supply Index (LSI ? single-family vacant developed lots reflecting rate absorption via housing starts) for 4Q24 loosened quarter-over-quarter for the second quarter, while lot supply tightened year-over-year....

at 09:21
Aventia, an industry-leading platform providing comprehensive environmental service solutions, today announced the acquisition of St.Germain, an environmental consulting, regulatory compliance, and engineering firm. Financial terms of the transaction...



News published on and distributed by: