Chibougamau Independent Mines Inc.

Globex Mining and Chibougamau are pleased to announce that CIM has raised gross proceeds of $2,617,799.50 at the closing of its previously-announced private placement by issuing 2,181,230 "flow-through" units at a price of $0.65 per unit and 2,400,000 "hard dollar" units at a price of $0.50 per unit. CIM issued the securities to "accredited investors" in Ontario.

ROUYN-NORANDA, QUEBEC -- (Marketwire) -- 12/18/12 -- GLOBEX MINING ENTERPRISES INC. (TSX: GMX)(FRANKFURT: G1M)(OTCQX: GLBXF) is pleased to announce that the record date for the "spin out" of the shares of Chibougamau Independent Mines Inc. ("CIM") to Globex's shareholders will be the close of business on Friday, December 28, 2012. Every shareholder of record at the close of business on that day will receive one share of [...]

Globex Mining is pleased to announce that it has obtained a Final Order from the Québec Superior Court in connection with its Plan of Arrangement for the "spin out" of the shares of Chibougamau Independent to Globex's shareholders. Completion of the "spin-out" of the shares of CIM is conditional upon the closing by CIM of its previously-announced private placement of up to 10,461,538 "flow-through" units at a price of [...]

Globex Mining announces that in connection with the Plan of Arrangement for the "spin out" of the shares of Chibougamau Independent Mines to Globex's shareholders, Globex's motion for a Final Order will be heard by the Québec Superior Court on December 14, 2012 at 10:00 a.m. in Room 16.12 of the Montreal Courthouse, 1 Notre-Dame East, Montreal, Québec.

Globex Mining and Chibougamau Independent are pleased to announce that they have received conditional approval from the TSX-Venture to list Chibougamau Independent Mines on the TSX-Venture Exchange. With the conditional approval in hand, CIM will now begin the private placement financing as outlined in the Globex press release dated October 25, 2012 of $10 million dollars consisting of $3.2 million in "hard cash" and $6.8 [...]

Globex Mining wishes to provide shareholders with an update on its Plan of Arrangement, pursuant to which Globex will "spin-out" the shares of Chibougamau Independent Mines to Globex's shareholders. As previously announced, a special resolution approving the Plan of Arrangement was adopted by Globex's shareholders at a special meeting held on October 19, 2012, with an affirmative vote of 99.95%. On October 24, 2012 [...]

Globex has entered into an engagement letter with Marquest Asset Management Inc., as co-lead agent with Casimir Capital Ltd., for a private placement of up to 2,778,846 "flow-through" shares at a price of $1.30 per share, for maximum gross proceeds to Globex of $3,612,500, and up to 607,142 common shares at a price of $1.05 per share, for maximum gross proceeds to Globex of $637,500. The total maximum gross proceeds from [...]

Globex Mining reminds Globex shareholders to vote FOR the proposed Arrangement for the "spin-out" of the shares of its wholly-owned subsidiary Chibougamau Independent to Globex's shareholders, at the special meeting of Globex shareholders to be held in Toronto on October 19, 2012. The Arrangement provides that Globex will transfer ten properties known as "Chibougamau Mining Camp" to CIM and that Globex shareholders will [...]