Noble adopts Supplemental Equity Incentive Plan, provisionally grants RSUs and grants stock options
2500 – 120 Adelaide St. West, Toronto, Ontario M5H 1T1
Phone: 416-214-2250
Toll Free: 866-214-9486
Fax: 416-367-1954
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
Noble adopts Supplemental Equity Incentive Plan, provisionally
grants RSUs and grants stock options
Toronto, Ontario – October 20 , 2017 – Noble Mineral Exploration Inc. (“ Noble” or the
“Company”) (TSX-V:NOB, FRANKFURT:NB7, OTC.PK:NLPXF) announces that its Board of
Directors approved the adoption of a Supplement Equity Incentive Plan (the “Supplemental
EIP”). Noble currently has in place an Amended and Restated Stock Option Plan (the “Option
Plan”) as a rolling 10% option plan. The maximum number of common shares that can be reserved
for issuance upon the exercise of stock options granted under the Option Plan is 10% of Noble’s
issued and outstanding common shares at that time. Having determined that it would be beneficial
for Noble to also be able to issue other forms of equity-based incentive compensation, in addition
to stock options, Noble a pplied to the TSX Venture Exchange approval for a pproval of the
Supplemental EIP.
The TSX Venture Exchang e having granted conditional approval of the Supplemental EIP, the
Board of Directors approved that plan and reserved 6,127,000 common shares as the maximum
number of common shares that may be issued under the Supplemental EIP . Shareholders should
note that the number of shares reserved for options under the Option Plan and the number of shares
reserved for other forms of equity based incentive compensation under the Supplemental EIP
cannot exceed 10% of Noble’s issued and outstanding common shares. Noble plans to submit the
Supplemental EIP for approval of its shareholders at its next shareholder meeting.
Noble also reports that its Board of Directors approved the following grants of equity incentive
compensation:
• 1,700,000 stock options under the Option Plan, all exercisable at $0.125 per common share,
400,000 of which were granted to the corporation through which the Company’s Chief
Financial Officer provides his services to Noble and 200,000 of which were granted to an
individual who provides investor relations services to the Company; and
• 3,800,000 restricted share units provisionally issued under the Supplemental EIP, all to
directors or officers of Noble or to the entities through which directors or officers provide
their services to Noble.
All stock options granted vest ed upon gra nt, except the 200,000 options granted to Noble’s
investor relations provider which vest 25% per quarter. Those stock options were granted on
October 20, 2017, and on October 19, 2017 (the day before grant) the common s hares of Noble
closed at $0.12 on the TSX Venture Exchange. The restricted share units are provisionally granted
until shareholder approval has been obtained for the Supplemental EIP . Assuming shareholder
approval is granted, the restricted share units wil l vest as to 1/3 one month after shareholder
2500 – 120 Adelaide St. West, Toronto, Ontario M5H 1T1
Phone: 416-214-2250
Toll Free: 866-214-9486
Fax: 416-367-1954
approval of the Supplemental EIP , a second 1/3 six months thereafter and the final 1/3 on the
thirteenth month after the shareholder approval. As restricted share units vest, Noble will have the
option of issuing to the unit -holders an amount of common shares equal to the number of vested
units, a cash payment equal to the market value of those shares, or some combination of cash and
shares.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based junior exploration company which, apart from
its shareholdings in MacDonald Mines Exploration Ltd. and its interest in the Holdsworth gold
exploration property in the area of Wawa, Ontario, holds in excess of 70,641 hectares of mineral
rights in the Timmins - Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts
diversified drill ready gold and base metal exploration targets at various stages of explor ation.
More detailed information is available on the website at www.noblemineralexploration.com.
Cautionary Statement:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. The foregoing information may
contain forward -looking statements relating to the future performance of Noble Mineral
Exploration Inc. Forward- looking statements, specifically those concerning future performance,
are subject to certain risks and uncertainties, and actual results may differ materially from the
Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed
herein and from time to time in the filings made by the Company with the TSX Venture Exchange
and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update
or revise its forward-looking statements, whether as a result of new information, future events or
otherwise.
Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: [email protected]
Investor Relations
Email: [email protected]