Globex: Separating the Wheat from the Chaff
ROUYN-NORANDA, QUEBEC--(CCNMatthews - March 5, 2007) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT, STUTTGART, BERLIN, MUNICH, XETRA:G1M)(PINK SHEETS:GLBXF) is pleased to inform shareholders that Globex will, and as of March 5th 2007, be listed in the exclusive International OTCQX division of the Pink Sheets in the United States.
Last year, the Pink Sheets decided to divide its listings into several categories based on reporting, assets, market capitalization and a number of other criteria in order to separate more senior reporting companies from others.
Thus the International OTCQX was created providing a gateway to U.S. securities markets by giving public, international companies a vehicle to have their shares traded in the U.S. and provide ongoing disclosure to U.S. investors. More importantly, International OTCQX distinguishes the reputable international issuers from the almost 5,000 OTC securities electronically traded on the Pink Sheets. Only leading companies that have substantial operating businesses and provide credible disclosure to the public are eligible for inclusion on the premium-tier International OTCQX, which commences trading on March 5, 2007.
Globex is pleased to be the first and only non U.S. exploration and mining company to be listed under the International Premier OTCQX designation. In addition, Globex is the only TSX listed company to be approved for such listing.
The trading symbol of Globex shall remain GLBXF.
Globex Mining Enterprises Inc. holds a diversified Portfolio of over 75 mineral properties both in Canada and the U.S., including numerous gold prospects, more than 20 of which are significant mineralized zones or advanced exploration projects, a number of base metal properties including drill defined sulphide copper, zinc, gold and silver deposits; three diamond projects; one molybdenum deposit; one magnesium-talc deposit; one large uranium-gold project; one uranium-fluorite zone and three uranium showings. Globex explores for its own account but also derives revenue and advances exploration or development through the optioning of its properties while retaining royalties on possible Future production. Several Globex properties should reach commercial production in 2007 and will provide Globex with long term cash flow. In addition to those already under option or development, management is currently in discussion with several parties interested in optioning various Globex properties. The terms of such ventures and the results of ongoing work programs will be announced as the information becomes available.
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