Brunswick Exploration Exercises Complete Globex Option
28 Novembre 2023 - 3:00PM
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 Brunswick Exploration Inc. (TSX-V: BRW) has exercised the
entire
Lac Escale Lithium property option (Mirage
Property) which Globex and Brunswick jointly announced on
January 24, 2023 (click here to access press release).
The option covers 96 cells and a one-kilometer
area of influence extending from the current 96 cell boundaries.
Under the option agreement, Brunswick was required to make payments
totaling $500,000, (half in cash and half in shares) and undertake
a minimum of $1,000,000 in exploration work over four years. In
addition, at the fifth anniversary of the coming into force of the
retained 3% Gross Metal Royalty, Brunswick must pay Globex an
advance royalty of $100,000 per year.
Brunswick have notified Globex that they have
met the minimum $1,000,000 exploration expenditures and Globex has
received an additional $212,500 in cash and 216,395 Brunswick
shares, representing a cash equivalent of $212,500 (216,395 shares
at 30-day VWAP average of $0.982/share). The full exercise of the
option has occurred approximately 11 months after signature of the
4-year option agreement.
Brunswick have announced today that they have
completed construction of a winter exploration camp at Mirage to
facilitate a minimum 15,000 metre drill campaign on the claims.
This is in addition to the previously announced 5,000 metre drill
program. First assays from this drill program are expected
imminently and will be released as rapidly as possible.
Globex expects that Brunswick has exercised the
entire option agreement so much ahead of time for good reason.
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 9LEI 529900XYUKGG3LF9PY95 |
For further information, contact: |
Jack Stoch, P.Geo., Acc.Dir.President & CEOGlobex Mining
Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X
2J1 |
Tel.: 819.797.5242Fax: 819.797.1470
info@globexmining.comwww.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.
Grafico Azioni Globex Mining Enterprises (TSX:GMX)
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Da Ago 2024 a Set 2024
Grafico Azioni Globex Mining Enterprises (TSX:GMX)
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