trading halt, page-5

http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b4760676

TORONTO - GlobeStar Mining Corp. (TSX:GMI) said Wednesday it has signed a deal to be bought by Perilya Ltd. in a deal that values the company at $221 million.

Perilya, an Australian company, has offered $1.65 per common share in cash.

GlobeStar shares closed up two cents at $1.27 on the Toronto Stock Exchange.

The deal requires approval by at least two-thirds of GlobeStar shareholders.

Perilya is the operator of the Broken Hill zinc, lead, silver mine in New South Wales, Australia, and the Beltana zinc mine in South Australia.

China's third largest zinc producer, Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd, holds a 52 per cent stake in the company.

GlobeStar owns the Cerro de Maimon mine in the Dominican Republic.