Globex Mining Enterprises Inc. is pleased to announce that it has closed the previously announced sale of Globex's Mid-Tennessee Zinc Mine royalty to an assignee of Electric Royalties Ltd. for the following consideration, received by Globex at closing: $13,750,000 in cash, of which $250,000 was received previously, net of applicable withholding taxes; 8,752,860 Electric Royalties shares; and 5,348,970 Electric Royalties
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