Noble to Complete 1 for 5 Share Consolidation
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
Noble to Complete 1 for 5 Share Consolidation
Toronto, Ontario – January 17, 2017 – Noble Mineral Exploration Inc. ( “Noble” or the
“Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) announces that the TSX Venture
Exchange has approved a share consolidation of the common shares of the Company (the “ Common
Shares”) on the basis of five (5) pre -consolidation Common Shares for one (1) new post -consolidation
Common Share (the “Share Consolidation”). The Share Consolidation will be effective at the opening of
the market on Wednesday , January 18, 2017. The Company’s name and trading symbol will remain
unchanged.
Upon the Share Consolidation taking effect, the Company’s currently issued and outstanding 179,748,650
Common Shares will be consolidated into approximately 35,949,730 issued and outstanding post -
consolidation Common Shares. No fractional Common S hares will be issued as a result of the Share
Consolidation. All fractional Common S hares resulting from the Share Consolidation will be rounded
down to the nearest whole number of common shares. The Company’s outstanding stock options and
warrants will b e adjusted on the same basis to reflect the Share Consolidation in accordance with their
respective terms, with proportionate adjustments being made to exercise prices.
Subsequent to the Share Consolidation, registered shareholders will receive a letter of transmittal from the
transfer agent for the Company describing the process by which they may obtain new certificates
representing their post -consolidation Common Shares. Non -registered shareholders holding their
Common Shares through a bank, broker or other nominee should note t hat such banks, brokers or other
nominees may have different procedures for processing the Share Consolidation than those put in place
by the Company for registered shareholders. Non-registered shareholders should consult their broker for
further information.
The Share Consolidation was approved by the shareholders of the Company at the 2016 Annual General
and Special Meeting of shareholders held on December 8, 2016 and was previously announced by the
Company (see the news releases issued on August 24, November 18, and December 14, 2016). The
Company believes that the completion of the Share C onsolidation should facilitate future financings by
the Company, as these may be accomplished through the issuance of additional Common Shares at prices
higher than the minimum share issuance price permitted under TSX Venture Exchange policies.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based 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.
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 fu ture 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 expectati ons. 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]
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