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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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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