Globex Mining Enterprises Inc (TSE:GMX) announced Friday that it closed the final tranche of financing, raising C$1.2 million to fund exploration at its eastern Canadian projects.
The mining company issued 700,000 flow-through shares at C$0.40 for non-Quebec subscribers and nearly 50,000 flow-through shares at C$0.45 to subscribers residing in the province.
Rouyn-Noranda-based Globex plans to use the funds to explore its properties in Quebec, Nova Scotia and Ontario, it said in a release.
WATCH: Globex Mining stake in Gold Project in Bateman Bay looks promising after Drilling
Globex shares slipped 2.5% on Friday afternoon at C$0.39.
Globex, a property bank, has 80 gold projects, 57 base metals properties and more than 29 specialty minerals projects for a total of 168 assets.
Contact Katie Lewis at katie@proactiveinvestors.com