Global Minerals Ltd. Acquires Remaining 30% Interest in Global Minerals Slovakia s.r.o.
28.03.2011 | CNW
VANCOUVER, March 28 - 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
For further information:
For further information about Global, visit www.globalminerals.com, or contact:
George Heard, CEO at 604.632.0085, info@globalminerals.com.