Cash Option Renewal Payment Received for Duquesne West
25 December 2024 - 12:02AM
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 report that Emperor
Metals Inc. have paid Duparquet Assets Ltd. the second-year
$500,000 cash portion of the Duquesne West option.
The
share payment portion of the second
anniversary option payment will be made based upon the 20-day VWAP
before the anniversary date which will be in January 2025.
Emperor has been undertaking extensive drilling
and assaying of new and historical drill core in order to outline a
potential open-pittable resource on the Duquesne West property.
Duparquet Assets Ltd. is a private corporation
owned 50% by Globex and 50% by Jack Stoch Geoconsultants Ltd.
Geoconsultants interest in the property dates back to before Jack
Stoch’s involvement in Globex.
This press release was written by Jack Stoch, P.
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) |
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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.com
www.globexmining.com |
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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 SEDARplus.ca.
56,065,836 shares issued and
outstanding
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