Noble Completes Shares for Debt Settlement and Receives Conditional Approval of Private Placement
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 Completes Shares for Debt Settlement and
Receives Conditional Approval of Private Placement
Toronto, Ontario – April 7, 2017 – Noble Mineral Exploration Inc. (“Noble” or the “Company”)
(TSX-V:NOB, FRANKFURT:NB7, OTC.PK:NLPXF) is pleased to announce that it has completed the
shares for debt transaction announced on March 17, 2017 after receiving the approval of the TSX
Venture Exchange.
Pursuant to the shares for debt transaction, the Company has is sued 11,487,389 common shares (the
"Shares") at a deemed price of $0.06 per Share to settle total indebtedness of $689,243.33. In
accordance with applicable securities law, a total of 4,941,228 of the Shares issued in this transaction to
certain creditors are subject to a four month hold period expiring on August 7, 2017.
Vance White, President and CEO of Noble, commented: “We are pleased to have made such
tremendous progress in discharging significant amounts of the Company’s obligations to its creditors.
Having this support from our creditors is very positive and is helping to significantly improve our balance
sheet, particularly considering the recent shareholdings we have acquired (and will be acquiring) in
Macdonald Mines Exploration Ltd. as a result of the completed and announced transactions involving the
Holdsworth property.”
Noble is also pleased to announce that it has received conditional approval from the TSX Venture
Exchange for the private placement announced on March 7, 2017. The proposed private placement
would involve raising up to $1,050,000 through the issuance of up to 10,000,000 flow -through common
share units at a price of $0.075 per unit, and up to 5,000,000 non- flow-through common share units at a
price of $0.06 per unit. Each unit in the private placement would be comprised of one common share and
one warrant exercisable at $0.10 per common share for five years. The Company has engaged IBK
Capital Corp. as agent for the placement, and the conditional approval from the TSX Venture Exchange
authorizes payment of a cash commission of 9% of the gross proceeds raised and the issuance of broker
warrants equal to 10% of the units sold. The broker warrants would be exercisable for a five year period
for one common share unit at $0.075 per unit (for broker units issued on the flow -through portion of the
private placement) or $0.06 per unit (for broker units issued on the non- flow-through portion of the private
placement). The conditional approval granted by the TSX Venture Exchange requires that Noble file final
documentation for the private placement no later than April 24, 2017.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based junior exploration company which, apart form 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 exploration. More detailed information is available
on the website at www.noblemineralexploration.com.
Cautionary Statement:
Neither TSX Venture Exchange nor its R egulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
2500 – 120 Adelaide St. West, Toronto, Ontario M5H 1T1
Phone: 416-214-2250
Toll Free: 866-214-9486
Fax: 416-367-1954
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]