Global Finishing, Inc.

Global Finishing, Inc.

July 07, 2008 09:31 ET

Global Finishing, Inc. Signs a Definitive Share Purchase Agreement to Acquire all Outstanding Shares of COMPANIA MINERA MONTE-VERDE S.A. COMIMONTSA

QUEBEC CITY, QUEBEC--(Marketwire - July 7, 2008) - 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"

Contact Information

  • Global Finishing, Inc.
    Richard Diotte