Noble Mineral closes $663,100 private placement

Sep 10, 2018

2018-09-07 17:16 ET – News Release

Mr. H. Vance White reports

NOBLE ANNOUNCES CLOSING OF FINAL TRANCHE OF ITS PRIVATE PLACEMENT

Noble Mineral Exploration Inc. has closed a second and final tranche of its previously announced (see news releases dated Aug. 1, 2018, Aug. 14, 2018, and Aug. 17, 2018) non-brokered private placement by raising gross proceeds of $24,000 through the sale of 400,000 common share units priced at six cents per common share unit.

The aggregate gross proceeds raised in the two tranches of the private placement amount to $663,100.

Each common share unit issued in the private placement consists 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 10 cents per share for a period of three years following the closing. No finder’s fee was paid in connection with the second tranche of the private placement.

The securities to be issued in this private placement are subject to a four-month hold period.

The closing of the private placement is subject to 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 finance 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 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, Ont., 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.

We seek Safe Harbor.

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