Globex Reacquires Magusi River Deposit and Other Assets
(firmenpresse) -
Globex Reacquires Magusi River Deposit and Other Assets
Rouyn-Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1M – Frankfurt, Stuttgart, Berlin, Munich, Xetra Stock Exchanges and GLBXF – International OTCQX) is pleased to inform shareholders that Globex has entered into an agreement to acquire 100% interest, free of any liens, charges or royalties, in the Quebec mining assets of First Metals Inc. including the important unmined Magusi River, copper, gold, zinc, silver deposit. Also included in the package are 136 claims covering an area of 5,415 hectares. The agreement has been approved by the Superior Court of the Province of Quebec, and a receiver appointed to certain assets of First Metals Inc. to close the sale (see First Metals Inc.’s press release dated March 24, 2011).
The Magusi River deposit has been partially developed with a trucking road and a power line accessing the property and 50 metres of ramp with a cement portal completed. A NI 43-101 resource was calculated by Scott Wilson Postle Associates Inc. as of October 31, 2008 and published in a press release by First Metals Inc. on February 9, 2009 as follows:
First Metals Inc. - Magusi Project Mineral Resource Estimate as of October 31, 2008:
http://www.irw-press.com/dokumente/Globex_Tables_240311.pdf
For Globex’s purposes, we are not authorized to refer to previously published NI 43-101 resource calculations as NI 43-101 compliant if the resource was not done for Globex: Please consider the resource above as non NI 43-101 compliant and historical in nature. Globex has not verified the resource calculation and therefore it should not be relied upon.
Included as part of assets being acquired, is all technical data related to the properties and any transferrable permits and licences. We are very pleased to have recovered this important mineral resource and exploration package and expect to decide shortly upon a course of action to best realize value from this asset for our shareholders.
Globex will issue 166,667 shares at a deemed price of $3.00 per share for a total consideration of $500,000 upon closing to purchase the assets.
This press release was written by Jack Stoch, P. 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 10 3
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
info(at)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
Leseranfragen:
Globex Mining Enterprises Inc.
86-14th Street
Rouyn-Noranda, Quebec J9X 2J1
Canada
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Datum: 24.03.2011 - 15:01 Uhr
Sprache: Deutsch
News-ID 28823
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