Globex Sells Eight Advanced Gold Exploration Assets to O3 Mining
Retrieved on:
Friday, December 22, 2023
The Cameron and Manon properties straddle the Cameron Lake Fault which localizes the Flordin Gold Deposit directly adjoining to the west and the Discovery Gold Deposit north-westward beyond the Flordin Gold Deposit.
Key Points:
- The Cameron and Manon properties straddle the Cameron Lake Fault which localizes the Flordin Gold Deposit directly adjoining to the west and the Discovery Gold Deposit north-westward beyond the Flordin Gold Deposit.
- Under the purchase and sale agreement, O3 paid $2,000,000 to Globex at closing, consisting of $150,000 in cash and 1,185,897 common shares of O3.
- Globex is pleased to have concluded this transaction with O3, which is in Globex’s view a well-managed and financed corporation with advanced gold assets in the Val-d’Or, Québec mining camp, including a number of gold deposits.
- O3’s geological expertise in gold exploration and large land package of advanced gold assets in the Val-d’Or mining camp are two of the reasons Globex is pleased to have vended its claims to O3 and accepted the bulk of the purchase price in O3 shares.