“At Home in North America” 55,204,836 shares issued and outstanding
PRESS RELEASE
Globex Mining Enterprises Inc.
“At Home in North America”
55,204,836 shares issued and outstanding
June 13, 2024
Globex Receives Another $3,000,000
Rouyn-Noranda, Qu ebec, Canada. 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 inform
shareholders that Globex has received the third of four payments, a cash payment of three million dollars
($3,000,000) from Agnico Eagle Mines Limited for the purchase of Globex’s Francoeur/Arntfield/Lac Fortune
Gold Mines property located in Dasserat and Beauchastel townships, Quebec.
The sale was originally announced in a press release dated June 22, 2021.
Globex retains a 2% Gross Metal Royalty on all potential production from the property.
Globex also holds 24,639 shares of Agnico Eagle at a current price of $90.17 with a market value of
$2,221,169.60 and 105,074 shares of Pan American Silver at a current price of $27.77 with a market value
of $2,917,904 .98. These shares which have a current total value of $5,139,074.58, were received in
exchange for 706,714 Yamana Gold Inc. shares, the original purchaser of the property which had a market
value of $4,000,000 at that time. Holding the shares rather than selling them has resulted in a market gain
of $1,139,000 for Globex. Taxes on the entire $15,000,000 purchase price was paid up front so , the funds
currently received are in essence tax free.
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)
CUSIP Number 379900 50 9
LEI 529900XYUKGG3LF9PY95
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
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 activit y 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.