Noble Receives Conditional Approval of Private Placement
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
Noble Receives Conditional Approval of Private Placement
Toronto, Ontario – August 14 , 2018 – Noble Mineral Exploration Inc. ( “Noble” or the
“Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) is please to announced that it
has received conditional approval from the TSX Venture Exchange for the non-brokered private
placement (the “Private Placement ”) announced on August 1, 2018. The proposed private
Placement would involve raising up to $1,000, 000 through the issuance of up to 16,666,667
Common Share Units (“Common Share Units”) priced at $0.06 per Common Share Unit. Each
Common Share Unit issued in the Private Placement will consist of one common share of Noble
and one common share purchase warrant. Each common share purchase 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 three years following the closing.
The Company may pay a cash commission of up to 2% of the amount raised to those providing
assistance with the Private Placement, together with the issuance of broker warrants for 2% of
the number of Common Share Units issued. Each broker warrant will entitle the holder to acquire
one common share of Noble at an exerc ise price of $0.10 per share for a period of three years
following the closing.
The securities to be issued in this Private Placement will be subject to a four month hold period.
The closing of the Private Placement is subject to completion of formal documentation and the
approval of the TSX Venture Exchange, as well as any other required regulatory approvals.
Noble intends to use the proceeds raised through the Private Placement to provide working capital
and fund exploration expenditures, for general and administrative expenditures, to pay debts and
to pay mining land taxes so as to maintain its Settlement Agreement with the Ontario Ministry of
Northern Development and Mines in good standing.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition
to 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.
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]