Globex Reacquires Magusi River Deposit and Other Assets

Globex Mining Enterprises Inc. (TSX:GMX) enters into an agreement to acquire entire interest in the Quebec mining assets of First Metals Inc.

The press release is quoted as saying:

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. 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.

Click here to access the entire press release