Noble Grants Options and RSUs and Provides Update on Upcoming In-Kind Distribution
TSX.V: NOB FWB: NB7 OTCQB: NLPXF
Noble Grants Options and RSUs and Provides Update on Upcoming
In-Kind Distribution
Toronto, Ontario – April 8, 2022 – Noble Mineral Exploration Inc. (“Noble” or the “Company”)
(TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) announces that on April 6, 2022 (the “Date of
Grant”), the Company’s Board approved the grant of a total of 2,125,00 stock options (the “Options”)
and 1,750,000 restricted share units (“ RSUs”) to officers, directors, and certai n consultants of the
Company. The Options were granted for services rendered in previous financial years and to date in
the current financial year. 75,000 of the Options were granted to a party who provides investor
relations services to the Company, and therefore vest 25% every 3 months. The balance of the Options
vest immediately. The RSUs, which vest one year after grant, were granted for services to be rendered
over the next year. The Options and RSUs were granted pursuant to the 2022 E quity Incentive Plan
approved at the Company’s shareholder meeting on March 14, 2022.
The Options have an exercise price of $0.12 per common share of Noble and are exercisable for three
years. Out of the total number of Options and RSUs granted, 1,100,000 Options and 1,100,000 RSUS
were granted to directors and officers of the Company. Upon being fully vested, the RSUs may be
settled in the corresponding number of common shares of the Company, in the cash equivalent of those
shares, or in a combination of shares and cash.
The grant of Options and RSUs is subject to compliance with TSX Venture Exchange requirements.
Following the grant of Options and RSUs , the Company has a total of 3,525,000 stock options
outstanding and 1,750,000 RSUs outstanding.
Upcoming Distribution of CNC shares: Deadline for Exercise of Warrants
As announced by news release on March 9, 2022, Noble will distribute (the “Distribution”) common
shares of Canada Nickel Company Inc.(“CNC”) to all shareholders of record of the Company on April
18, 2022 (the “Record Date”). The Distribution will be made at a ratio of 0.01725 of a CNC share
per whole common share of Noble held (or approximately 1 CNC share per 58 Noble shares held).
The Distribution will be made pro rata to shareholders. Only shareholders of record as of the close of
business on the Record Date will be entitled to receive the Distribution.
Unexercised warrants of Noble do not carry any entitlement to any portion of the Distribution. Those
warrant-holders who intend to exercise their warrants in time to participate in the Distribution are
strongly encouraged to arrange for their exercise packages, with payment, to be received by Noble no
later than Noon, Eastern time, on Wednesday, April 13, 2022. Warrant exercise packages and
payments received after that time may not be processed in time for the shares to be issued by the Record
Date deadline for participation in the Distribution.
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, will continue to hold approximately 40,000 hectares of mineral rights in the Timmins-
Cochrane areas of Northern Ontario known as Project 81, as well as an additional ~11,000 hectares in
the Timmins area and ~14,000 hectares of mining claims in Central Newfoundland. Project 81 hosts
diversified drill- ready gold, nickel -cobalt and base metal exploration targets at various stages of
exploration. It also holds its recently acquired the ~14,000 hectare Nagagami Carbonatite Complex
near Hearst, Ontario, as well as the Buckingham Graphite Property, the Laverlochere Nickel, Copper,
PGNM property and the Cere-Villebon Nickel, Copper, PGM property, all of which are in the province
of Quebec. More det ailed information is available on the website at
www.noblemineralexploration.com.
Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB”.
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]