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Article: Canada: Globex Update on Exploration and Prospects.
- Article from:
- TendersInfo
- Article date:
- October 20, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
Globex Mining Enterprises Inc. wishes to update shareholders as regards its ongoing work and prospects.
First, I would remind shareholders that despite the recent debacle in the markets and the resultant drop in Globex's share price and the value of shares in other companies held by Globex, the Company has sufficient cash on hand to assure its smooth operation for several years including adequate funds to facilitate ongoing exploration and technical studies required on our properties. In addition, I wish to point out that the majority of our 85 properties are gold properties and as well, several of our other properties have important ...