Acquires Royalty on Large Quebec Land Package ROUYN-NORANDA, Quebec, Oct. 25, 2021 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Dsseldorf and Quotrix Dsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has acquired a 2% royalty equivalent to a Gross Metal Royalty (GMR) herein called “the RN Mining Camp Royalty” covering a significant length of the Cadillac Break east of Rouyn-Noranda and an additional large block of claims northwest of Rouyn-Noranda (See map attached).
Globex initially entered into discussions with the estates of two well-known and respected prospector/entrepreneurs following the purchase by Globex of the Rouyn Merger Gold Property (see press release dated August 5, 2021) on which a 2% royalty was held by the estates. Globex was successful in acquiring the royalty and thus eliminating it on the 6.5 kilometers of the Cadillac Break, numerous gold occurrences and zones and surrounding rocks which are within the Rouyn Merger property boundary. In the same purchase, Globex acquired royalty interests which extends both east and northwest of the Rouyn Merger property including on the Heva-Hosco Gold Property owned by Hecla Quebec Inc.
https://www.globenewswire.com/news-release/2021/10/25/2319839/0/en/Globex-Acquires-Royalty-on-Large-Quebec-Land-Package.html