text: Globex Buys and Then Sells Duverny Gold Claims
  July 11, 2016 09:47 ET
  ROUYN-NORANDA, QUEBEC--(Marketwired - July 11, 2016) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(STUTTGART:G1M)(BERLIN:G1M)(MUNICH:G1M)(XETRA:G1M)(OTCQX:GLBXF) wishes to announce the purchase of a block of 69 claims located in Duverny Township, Quebec from the beneficiaries of the estate of Jean Roger Beauchemin. The claims adjoin both the Duvay Gold Property currently held by Secova Metals Corp. ("Secova") and the Fontana Gold Property under option to Tres-Or Resources Ltd. from Globex. Under the terms of the agreement, Globex paid $85,000 dollars in Globex shares (280,000 shares at time of signature), $15,000 in cash and reserved a 1.8% Net Smelter Royalty (NSR) to the estate purchasable at any time for $360,000.
  Concurrently, Globex has sold the 69 claims to Secova for a cash payment of $136,500 (received), 1 million Secova shares (pending), a 1.5% Gross Metal Royalty payable to Globex and assumption of the 1.8% NSR obligation to the beneficiaries of the Beauchemin estate.