Noble Announces Private Placement of Common Share Units and Flow-Through Units
4825-5178-9636, v. 1
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
Noble Announces Private Placement of Common Share Units and Flow-Through Units
Toronto, Ontario – March 7, 2017 – Noble Mineral Exploration Inc. ( “Noble” or the “Company” )
(TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) announces that it has engaged IBK Capital Corp.
(“IBK”) to complete a best efforts private placement (the “Private Placement ”) of up to 5,000,000
common share units (“Common Share Units”) at $0.06 per Common Share Unit and of up to 10,000,000
flow-through units (“ Flow-Through Units ”) at $0.075 per Flow -Through Unit. The aggregate gross
proceeds to be raised in this Private Placement will amount to up to $1,0 50,000. In connection with the
Private Placement, the Company agreed to pay IBK a cash commission of 9% of the amount raised
through its assistance and 10% of the amount raised in broker warrants.
Each Common Share Unit consists of one common share of Noble and one common share purchase
warrant. Each such common share purchase warrant (a “Warrant”) will entitle the holder to acquire one
common share of Noble at an exercise price of $0.10 per share for a period of 5 years following the
closing. Each Flow-Through Unit consists of one common share of Noble to be issued as a “flow through
share” and one non-flow-through Warrant.
The securities to be issued in this P rivate Placement will be subject to a hold period of four months and
one day.
The closing of the Private Placement is subject to completion of formal documentation and the approval
of the TSX Venture Exchange, as well as other required regulatory approvals.
Noble will use the proceeds of the Private Placement to continue its exploration activities on Project 81
(in particular as relates to the proceeds raised from the sale of Flow -Through Units), to pay debts and for
general working capital purposes.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian base d junior exploration company holding in excess of
70,641 hectares of mineral rights in the Timmins - Cochrane areas of Northern Ontario. The Company
also holds a portfolio of diversified exploration projects at various stages of exploration Gold in the
Wawa area of Northern Ontario, and Uranium in Northern Saskatchewan. More detailed information is
available on the website at www.noblemineralexploration.com.
4825-5178-9636, v. 1
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 r egulatory 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, specificall y 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]