Globex Announces Closing of Private Placement for $2.5 Million

Not for distribution to U.S. news wire services, or dissemination in the United
States.


Globex Mining Enterprises Inc. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased
to announce that it has held a closing of a private placement by issuing
5,307,143 "flow-through" shares at a price of $0.35 per share, for gross
proceeds to Globex of $1,857,500, and 1,950,000 units at a price of $0.33 per
unit, for gross proceeds to Globex of $643,500. The total proceeds from the
closing of the private placement are approximately $2.5 million. Each unit is
comprised of one common share and one-half of a common share purchase warrant.
Each full warrant gives the holder the right to purchase one additional common
share for one year at a price of $0.50.


Globex issued the securities to "accredited investors" in Ontario, Quebec and
British Columbia. Globex will use the proceeds from the issuance of the
"flow-through" shares for exploration on certain of its properties in Quebec and
Ontario. The net proceeds from the issuance of the units will be used for
working capital. 


The shares issued today are subject to a four-month "hold-period" ending on
September 6, 2014 under applicable Canadian securities legislation. As a result
of the closing, Globex has 40,793,755 common shares issued and outstanding.


Globex paid a fee of $122,500 to Secutor Capital Management Corporation for
services rendered in relation to the financing.




We Seek Safe Harbour.         Foreign Private Issuer 12g3 - 2(b)
                                        CUSIP Number 379900 50 9



FOR FURTHER INFORMATION PLEASE CONTACT: 
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
819.797.5242
819.797.1470 (FAX)
info@globexmining.com
www.globexmining.com

Globex Mining Enterprises (TSX:GMX)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024