Globex Mining Enterprises completes private placement

On December 15, 2016, Globex Mining Enterprises Inc. (“Globex”), a company listed on the Toronto Stock Exchange, completed a non-brokered private placement by issuing 2,100,000 “flow-through” common shares at a price of $0.45 per share and 250,000 common shares at a price of $0.40 per share, for total proceeds to Globex of $1,045,000. Globex intends to use the proceeds from the placement of the “flow-through” shares for exploration on certain of its properties in Québec and Ontario and to use the net proceeds from the placement of the common shares for working capital purposes. Globex has a diversified North American portfolio of mid-stage exploration, development and royalty properties containing: Precious Metals (gold, silver, platinum, palladium), Base Metals (copper, zinc, lead, nickel), Specialty Metals and Minerals (manganese, titanium oxide, iron, molybdenum, uranium, lithium, rare earths) and Industrial Minerals and Compounds (mica, silica, apatite, talc, magnesite). Fasken Martineau, with a team comprised of Neil Wiener and Sébastien Bellefleur, acted as legal counsel to Globex in connection with the private placement.