July 7, 2008 9:31 AM EDT
QUEBEC CITY, QUEBEC -- (MARKET WIRE) -- 07/07/08 -- Global Finishing, Inc. (FRANKFURT: G8BA) is pleased to report the signing of a definitive share purchase agreement to Acquire all outstanding shares of COMPANIA MINERA MONTE- VERDE S.A. COMIMONTSA in exchange for 6,000,000 restricted common shares of Global Finishing, Inc.
COMPANIA MINERA MONTE- VERDE S.A. COMIMONTSA owns 100% interest in the Maria Olivia Concession within the prospective gold and silver bearing vein systems in the Occidental Andean Cordillera primarily the Gen and Cristina veins.
A recent 43-101 report states that it is probable that a resource of greater than 1.96 million tons, with a somewhat lower grade in the order of 10 g/T (due to dilution by secondary veins and disseminations) could produce 19.6 million g (612,500 oz) Au estimated at over $500 hundred million. No estimate of the economic value derived from silver or sulphide concentrate has been made, but it would add a significant amount to the value of this resource.
Global Finishing will hire consultant to do an environmental impact study, undertaking soil and water studies on the concession acquired. The Company will put a drill program into place. The objectives are to better define the veins structures; Sucre, Tres Diablos, Bolivar, San Antonio. Some of the quartz vein structures, previously not drilled and visible on surface, are oriented NNE, 0.5 to 1.5 kilometers in strike length, with widths from 0.3 to 6 meters with the potential to become an open pit mine. The mineralization in the concession area ranges from a gold: silver ratio of 1:10 near surface to 1:15 at depth 600 meters.
The inferred resource stated in the 43-101 report could be expanded through the drilling program targeting a depth of 1,500 meters. The program will also include a systematic drilling program on the quartz vein structures and other potential targets to further enhance the current value of this concession.
"We, the management of Global Finishing, believe that these properties will enhance our shareholder values and with our experienced geological team will explore other regions of this gold bearing concession to further our goal to becoming a major gold producing company"
Contacts:
Global Finishing, Inc.
Richard Diotte
President
418-527-3362
GFML__at__email.com
July 1, 2008 1:31 PM EDT
QUEBEC CITY, QUEBEC -- (MARKET WIRE) -- 07/01/08 -- Global Finishing, Inc. (FRANKFURT: G8BA) wishes to update shareholders on financing which will be required after the completion of several mining acquisitions.
These acquisitions are either in production or ready to produce. With the purchase of additional milling equipments, production can be increased from small scale to commercial operation.
In order to complete these acquisitions and to bring them to commercial production Global Finishing is currently negotiating a financing package totalling $100,000,000 U.S., through a combination of senior debt instrument and a metal agreement. Such financing will allow the company to reduce the total cost of financing and increase production to an annual level of 200,000 ounces of Gold.
The shares acquisition of the company "Minera Monte-Verde S.A." is progressing at a rapid pace and Due Diligence by Global Finishing is completed.
Regarding the news release of June 30th, 2008 concerning a signed agreement for the acquisition of the assets of Minesadco, Global Finishing wishes to clarify that it has sent a Letter of Agreement with terms mutually agreed upon and is planning a visit, to both mine sites located in Ecuador, for the second week of July 2008 to complete its due diligence.
Contacts:
Global Finishing, Inc.
Richard Diotte, President
418-527-3362
GFML__at__email.com
QUEBEC CITY, QUEBEC -- (MARKET WIRE) -- 06/26/08 -- Global Finishing, Inc. (FRANKFURT: G8BA) is pleased to report the signature of a Letter Agreement to Acquire all outstanding shares of COMPANIA MINERA MONTE- VERDE S.A. COMIMONTSA in exchange for 6,000,000 restricted shares of Global Finishing, Inc.
The closing of the transactions contemplated by the Agreement is subject to a number of conditions including: (i) obtaining all necessary regulatory approvals; (ii) the Company being satisfied with the results of its due diligence with respect to COMPANIA MINERA MONTE- VERDE S.A. COMIMONTSA; and (iii) entering into a definitive share purchase agreement
COMPANIA MINERA MONTE- VERDE S.A. COMIMONTSA owns 100% interest in the Maria Olivia Concession within the prospective gold and silver bearing vein systems in the Occidental Andean Cordillera primarily the Gen and Cristina veins.
DESCRIPTION AND LOCATION: Maria Olivia Concession, Concession # 301052.
The Maria Olivia concession lies in the northwest corner of the Portovelo-Zaruma mining camp, which is found in the cantons of Ayapamba and Paccha, Province of El Oro, southern Ecuador.
The project covers an area of 1,067.2 hectares and area of is situated about 175 kilometers southeast and 60 kilometers east of the major Pacific port cities of Guayaquil and Machala, respectively. It lies on the western slope of the Andes Mountains, part of the Western Cordillera which runs the length of the west coast of North and South America.
A recent 43-101 report states that it is probable that a resource of greater than 1.96 million tons, with a somewhat lower grade in the order of 10 g/T (due to dilution by secondary veins and disseminations) could produce 19.6 million g (612,500 oz) Au. No estimate of the economic value derived from silver or sulphide concentrate has been made, but it would add a significant amount to the value of this resource.
The property is located approximately18 km from the Yellow River Processing Facility and approximately 20.5 km from the Grand Gold Mine. Global Finishing, Inc. is planning to begin underground mining operations and have a milling agreement with the Yellow River processing plant.
Contacts:
Global Finishing, Inc.
Richard Diotte
President
418-527-3362
GFML__at__email.com
www.globalfinishinginc.com
QUEBEC CITY, QUEBEC--(Marketwire - March 27, 2008) - Richard Diotte President Global Finishing Inc. (FRANKFURT:G8BA) is pleased to announce the nomination of Mrs.Marie-France Rouleau and Mr. Mark Besner to the Board of Directors.
Marie-France is our major shareholder and she is involved in the daily activities of the company. Mark is a businessman from Toronto involved with private and public growth companies. Both directors are committed to build shareholders' value.
Furthermore the company is completing a due diligence on two groups of gold producing assets. The estimated gold reserve and resource on both prospective acquisitions exceed 4,000,000 ounces and the expected annual gold production, through capital investment, would be increased to 220,000 ounces with a cash cost of $342 per ounce.
Cost of these acquisitions will be financed through an equity issue and from production. Due diligence is expected to be completed within the next 30 days, terms of acquisitions and financing structure are currently under negotiation.
We seek Safe Harbor.
For more information, please contact
Global Finishing, Inc.
Richard Diotte, President
418-527-3362
GFML _at_ email.com
www.globalfinishinginc.com
QUEBEC CITY, QUEBEC--(Marketwire - Dec. 17, 2007) - Global Finishing, Inc. (FRANKFURT:G8BA) is pleased to report the preliminary results of its second hole drilled below the 1,150-metre level of the Joe Mann mine, to further assess the strike length of the zone encountered in the first drill hole EE - 188
The second hole drilled (EE-189 B) has been completed last Friday. It intersected one zone at 174.9 m vertical depth below the 1,150-metre mine level and 148.5 m east of the first strike (EE188), with a core length of 1.81 m and assayed 21.1 grams per tonne gold (uncut assay by atomic absorption), 0.44 per cent copper and 22.9 grams per tonne silver. Complete results from the second hole are expected shortly
A third hole has been started and is aiming at verifying if the mineralized structure encountered in the first and second hole still horizontally expand further east.
The true width of the core has not yet been determined. All assay work was done in house at the mine site with recheck assays to be done by an outside lab.
The company will retain the services of Geostat to undertake the following scope of work:
1. Review of all existing information report, maps and database.
2. Site visit and review of the diamond drilling program underway.
3. Estimation of the resources and preparation of the NI 43-101 compliant technical report.
Due to the large volume of data to be reviewed the report is expected to be received by the end of March 2008.
We seek Safe Harbor.
For more information, please contact
Global Finishing, Inc.
Richard Diotte, President
418-527-3362
GFML _at_ email.com
www.globalfinishinginc.com
Richard Diotte President Global Finishing Inc. (FRANKFURT:G8BA) is pleased to announce that it has received the preliminary results of the first hole drilled below the 1150 metre level of the Joe Mann Mine to assess the potential of significant unmined gold and copper mineralization remaining at depth.
Since 1956 the Joe Mann has produced 38,869.94 kilograms of gold to a depth of 1,150 metres since.
The first hole drilled (EE - 188) has been completed. It intersected 2 zones: the principal vein and the south zone. The principal vein was intersected at 174.9 metres vertical depth below the 1150-metre mine level with a core length of 2.1 metres (from 302.1m - 304.2 m) and assayed 43.4 grams per tonne Gold (uncut assay by atomic absorption), 1.96 % Copper, and 15.8 grams per tonne Silver.
The gold assays were verified with a grade of 45.2 grams per tonne (uncut by fire assay). The vein was intersected at 40 degrees to core axis. This gives a projected dip of 65 degrees, which correlates with the observed dip of the same structure west of the fault. The mineralized zone contains 20% mineralized smoky quartz from 302.6 m to 303.1 m and mineralized quartz from 303.1 m to 304.8 m.
The second intersection (interpreted as the south zone) gave a core length of 0.3 m (from 437.7 m - 438.0 m) and assayed 23.3 grams per tonne Gold, 0.30% Copper, and 13.3 grams per tonne Silver (gold verified by fire assay at 22.9 grams per tonne). The intersection was at 303.6 m vertical depth below the 1150-metre mine level. The hole intersected the zone at 25 degrees to core axis and contained 40 percent quartz.
A second hole, EE-189 B, has been collared at -70 degrees to evaluate the potential mineralization at a further depth of the present structure.
The true width of the core has not yet been determined and will be available very shortly. All assay work was done in house at the mine site with recheck assays to be done by an outside lab.
We seek Safe Harbor.
For more information, please contact
Global Finishing, Inc.
Richard Diotte
President
418-527-3362
GFML_ at _email.com
www.globalfinishinginc.com
QUEBEC CITY, QUEBEC--(Marketwire - Oct. 30, 2007) - Richard Diotte President Global Finishing Inc. (FRANKFURT:G8BA) is pleased to announce that it has entered into a working agreement with of Gold Bullion Development Corp. (TSX VENTURE:GBB) Global Finishing Inc. regarding the Joe Mann Mine located some 64 km south of the town of Chibougamau, Quebec.
The working agreement will enable Gold Bullion Development and Global Finishing to become equal partners splitting and sharing costs and profits on a 50/50 percentage basis on milling, mining and support services prorated after payment from production.
This working agreement is designed to accelerate the capital expenditure program at the Joe Mann Gold Mine. Gold Bullion has already started an initial phase of drilling on October 12, 2007 which will evaluate the extension of the known mineralized structure at depth. A re-evaluation of the mining method and a recalculation of the mineral resources of the Joe Mann will begin next week. During the second week of November, a date will be set to call back employees at work to restart the mining and milling of ore.
Global Finishing has committed a first 1,000,000$ to the working agreement and will be raising additional funds for both companies as needed, using traditional institutional equity financing and an innovative gold program.
The acquisition of the Joe Mann by the Company and the additional working agreement are both subject to the approval of the regulatory bodies.
Since 1956 the Joe Mann gold Mine has produced 1,253,869 ounces of gold.
WE SEEK SAFE HARBOUR
For more information, please contact
Global Finishing, Inc.
Richard Diotte
President
418-527-3362
GFML_ at _email.com
www.globalfinishinginc.com
QUEBEC, QUEBEC--(Marketwire - Oct. 16, 2007) - Global Finishing, Inc. (FRANKFURT:G8BA) is pleased to report that Global has recently completed the second geological examination of it's high grade silver property - the ruby mine - on the Nevada/California border, north of Bishop, California. This was carried out by Steve Russell, geologist of Virginia City, Nevada.
During the most recent visit (Oct/07) underground geological examination and sampling with assays including 98.9 ozs/ton silver, 0.166 ozs/ton gold, 0.197% copper, 20% lead and 12% zinc. At current metal prices, these values constitute a gross value of $2512 per ton. Of the nine samples taken on the most recent visit by the geologist, six of these nine samples contained very strong metal concentrations.
Assays from shallow underground sampling from the first visit assayed 414ozs/ton silver, 0.03 gold, 3.31% lead, 0.89% copper and 0.94% zinc.
Mr. Russell recommended carrying out a drilling program in order to evaluate the ore body extension along strike in a southwest direction. This drilling program will also investigate a major fault zone which appears to be the main feeder zone of the mineralized structure.
For more information, please contact
Global Finishing, Inc.
Richard Diotte
President
418-527-3362
GFML_ at _email.com
Global Finishing, Inc. (Frankfort: G8BA) is pleased to report the hiring of Mr Stephen Russell, Geologist of Virginia City, Nevada. Mr Russell and his team will begin immediately an underground work program at the Ruby Mine.
Part of the work program will be to perform a detailed mapping and sampling within the mine workings with an emphasis on outlining and quantifying the resources in place.
The work program is also aiming at defining targets for an underground drilling program.
Mr Russell’s team will also sample a major fault, close to the Ruby Mine, which is considered to be the feeder zone for the Ruby. It was only discovered recently.
Earlier in the 1900’s, the Ruby was hand mined and produced silver value as high as 1450 ozs/silver per ton plus excellent grade of zinc and lead.
Due to the very high grades of silver, the U.S. Bureau of Mines carried out an in depth study of the Ruby Mine and published an extensive report, indicating that there were far more reserves to be found within the mine area.
It is the intention of Global, through it’s intended work program and drilling to outline these additional reserves of high-grade ore.
The Ruby mine is located on the Nevada/California border just north of Bishop, California.
Contact : Richard Diotte, President
(418) 527-3362
MONTREAL, QUEBEC--(MARKET WIRE)--Apr 26, 2007 -- Global Finishing, Inc. (Frankfurt:G8BA.F - News)(Other OTC:GFML.PK - News) is pleased to announce the acquisition of the Ruby mine a high grade, near surface silver property, located near the California-Nevada border in eastern Mono County, California
The property encompasses the workings of the Green Monster Mine, which has a history of small, but high-grade production from carbonate replacement deposits. Between 1938 and 1953, the mine produced 781 tons yielding 40,329 oz silver (Ag), 6,916 lbs copper (Cu), 46,767 lbs. Lead (Pb), and 5,775 lbs. Zinc (Zn). (Source : US Bureau of Mines).
The U.S. Bureau of Mines also investigated the Ruby mine during 1983, in depth, and established the presence of commercial ore remaining in the mine. This report was made prior a recent discovery of a major fault, which is believed to be the feeder zone of the "Green Monster Mine. Previous Mining yielded results from 36 to 1465 ounces of Ag per ton of ore and 0.1 to 0.224 ounces of Au per ton of ore.
Global Finishing, Inc. will rehabilitate the mine workings, and set up underground drill stations in order to both upgrade and expand the resource and set a date to begin production.
Contacts:
Global Finishing, Inc.
Richard Diotte
President
418-527-3362
MONTREAL, QUEBEC--(CCNMatthews - March 9, 2007) - Global Finishing, Inc. (FRANKFURT:G8B - News; PINK SHEETS:GFML - News) is pleased to announce the appointment of Mr. Richard Diotte as new Chairman and CEO of the company.
This nomination follows the resignation of Ms Karine Desjardins as an officer and member of the Board of Directors.
Mr. Diotte will be responsible for the financing of the company as well as refocusing the corporate activities of the company.
Most immediately the company will be raising $US 1,000,000 using Regulation D 504 resulting in the issuance of a maximum of 1 315 790 common shares at a price of $US 076.
A new 15C-211 form will be filed with the NASD to reflect these changes.
The company is also planning to become a reporting issuer and apply for an OTCBB listing ; which is subject to the approval of the regulatory bodies.
Contact:
418-527-3362
Richard Diotte
Source: Global Finishing, Inc.
"This press release may contain forward-looking statements. The words 'estimate', 'possible' and 'seeking' and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks."
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