Canadian company Global Minerals Ltd. has announced 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.