The mining company issued 1.5 million flow-through shares at C$0.40 for non-Quebec subscribers and nearly 670,000 flow-through shares at C$0.45 to subscribers residing in the province.
Rouyn-Noranda-based Globex plans to use the C$900,000 to explore its properties in Quebec, Nova Scotia and Ontario, it said in a release.
Post-transaction, Globex will have around 53.5 million shares issued and outstanding. Shares are subject to a four-month holding period.
The company noted that it may hold additional closings for a maximum of 666,666 additional flow-through shares to Quebec subscribers at C$0.45 per share.
CEO Jack Stoch purchased 150,000 flow-through shares for a total of C$60,000 as part of the private placement.
Globex shares slipped 1.3% on Wednesday afternoon at C$0.37.
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.
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