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GMX Globex Mining Enterprise News Story

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Brief: Globex Enters Option Agreement On Its Ramp/Maude Lake Gold Property In Ontario

May 12 (Reuters) - Globex Mining Enterprise Inc GMX.TO:

GLOBEX ENTERS OPTION AGREEMENT ON ITS RAMP/MAUDE LAKE GOLD PROPERTY IN ONTARIO

GLOBEX MINING ENTERPRISE INC - ONTARIO INC. TO PAY $4.7 MILLION CASH, $1.05 MILLION SHARES, $6 MILLION EXPLORATION OVER FOUR YEARS

GLOBEX MINING ENTERPRISE INC - TO RETAIN 3% GROSS METAL ROYALTY, BUY DOWN TO 2% FOR $1.5 MILLION

Source text: ID:nGNX198C2l

Further company coverage: GMX.TO

 ((Reuters.Briefs@thomsonreuters.com;))

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