Noble Announces Interest-Free Loan
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
NOBLE ANNOUNCES INTEREST-FREE LOAN
Toronto, Ontario – June 26, 2020 – Noble Mineral Exploration Inc. (“Noble” or the "Company")
(TSX-V: NOB, FRANKFURT: NB7, OTC.PK: NLPXF) announces that it has obtained a $625,000
interest-free unsecured loan (the “Loan”) from a third-party lender (the “Lender”). The proceeds of the
Loan will be applied to repay Noble’s indebtedness to Spruce Ridge Resources Ltd. (the “Creditor”)
under the interest-free promissory note issued to the Creditor in connection with the completion of the
ownership consolidation and spin-out of the Crawford Nickel project earlier this year. After applying the
Loan proceeds in this manner, the total outstanding due to the Creditor will be reduced to $125,000.
The Loan from the Lender has a maturity date of June 25, 2021 and will be interest-free until maturity,
unless Noble fails to make a payment due. Under the Loan, Noble has agreed that if it sells any Lender
securities that it owns, a minimum of 50% of the proceeds of that sale will be paid to Lender (until the
principal amount of the Loan has been repaid). If Noble fails to make any payment due under the Loan,
interest at 12% per annum will accrue ( compounded monthly) retroactive to the date of the Loan until
all principal and interest has been repaid. Noble has the right to prepay the Loan at any time.
Noble has received conditional approval of the TSX Venture Exchange (the “ Exchange”) to proceed
with the Loan, and closing of the Loan is subject to final approval of the Exchange, as well as any other
required regulatory approvals.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its
shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonald Mines
Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa,
Ontario, holds approximately 72,000 hectares of mineral rights in the Timmins -Cochrane areas of
Northern Ontario known as Project 81. Project 81 hosts diversified drill -ready gold, nickel-cobalt and
base metal exploration targets at various stages of exploration. 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.
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
Contacts:
Noble Mineral Exploration Inc.
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: [email protected] IR Email: [email protected]