First Closing of Private Placement
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
52,013,077 shares issued and outstanding
August 31, 2018
Not for distribution to U.S. news wire services, or dissemination in the United States.
Globex Mining Enterprises Inc. Holds
First Closing of Private Placement
Rouyn-Noranda, Québec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock
Exchange, G1M – Frankfurt, Stuttgart, Berlin, Munich, Xetra Stock Exchanges and GLBXF – OTCQX
International) is pleased to announce that it has held a first closing of its previously -announced private
placement at which it issued 1,000,000 “flow -through” common shares at a price of $0.50 per share for
proceeds to Globex of $500,000. Globex intends to use the proceeds from the first closing for
exploration on certain of its properties in Québec.
As a result of the first closing, there are 52,013,077 common shares of Globex issued and outstanding.
Under applicable securities legislation, the shares issued at the first closing are subject to a four- month
hold period expiring on January 1, 2019.
Globex may hol d additional closings of the private placement. As previously announced, the private
placement is for a maximum of 2,500,000 “flow-through” shares for proceeds to Globex of $1,250,000.
Forward Looking Statements
Except for historical information, this new s 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.
We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b)
CUSIP Number 379900 50 9
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn-Noranda, Quebec Canada J9X 2J1
Tel.: 819.797.5242
Fax: 819.797.1470
www.globexmining.com