BRIEF-Globex Enters Option Agreement On Its Ramp/Maude Lake Gold Property In Ontario

May 12 (Reuters) - Globex Mining Enterprise Inc GMX.TO:

  • GLOBEX ENTERS OPTION AGREEMENT ON ITS RAMP/MAUDE LAKE GOLD PROPERTY IN ONTARIO

  • GLOBEX MINING ENTERPRISE INC - ONTARIO INC. TO PAY $4.7 MILLION CASH, $1.05 MILLION SHARES, $6 MILLION EXPLORATION OVER FOUR YEARS

  • GLOBEX MINING ENTERPRISE INC - TO RETAIN 3% GROSS METAL ROYALTY, BUY DOWN TO 2% FOR $1.5 MILLION

Source text: ID:nGNX198C2l

Further company coverage: GMX.TO


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.