Globex Mining Announces Second Closing of Private Placement for an Additional $934K
Globex Mining Enterprises Inc. (GMX.TO) has held a second closing of its previously-announced private placement by issuing an aggregate of 663,500 flow-through shares at a price of $1.30 per share, for gross proceeds to Globex of approximately $862,550, and by issuing 72,000 common shares at a price of $1.05 per share, for gross proceeds to Globex of $75,600.
Globex issued the shares to accredited investors in Ontario and Quebec.
Globex will use the proceeds from the issuance of the flow-through shares for exploration on certain of its properties in Quebec and Ontario. The proceeds from the issuance of the common shares will be used for working capital.
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