Global Acquires Remaining 30% Interest in Global Minerals Slovakia s.r.o.
March 28 2011 - 11:51AM
PR Newswire (Canada)
VANCOUVER, March 28 /CNW/ -- VANCOUVER, March 28 /CNW/ - Global
Minerals Ltd. (TSX-V: CTG) is pleased to announce that it has
acquired the remaining 30% interest in Global Minerals Slovakia
s.r.o. from PIDECO CGF s.r.o. ("PIDECO"). Upon completion of
the necessary share transfers in Slovakia, the Company will own
100% of the Strieborná Project in Slovakia. No additional
consideration is required to be provided by the Company to PIDECO
as the parties have negotiated a new agreement, outside of the
current joint venture agreement, for the transfer of PIDECO's
interest for past consideration provided by the Company. The
Company is continuing its current 3,400 metre 12 hole drill program
on the Strieborná Project to explore the near surface projection of
the high-grade Strieborna polymetallic veins. Neither the TSX
Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release. Global's Head Office: Suite 910, 475 Howe
Street, Vancouver, BC V6C 2B3 To view this news release in
HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/28/c7065.html
p For further information about Global, visit a
href="http://www.globalminerals.com"www.globalminerals.com/a, or
contact:br/ George Heard, CEO at 604.632.0085, a
href="mailto:info@globalminerals.com"info@globalminerals.com/a. /p
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