Noble Mineral acquires 10 million Spruce Ridge shares

Aug 4, 2021

2021-08-04 11:03 ET – News Release

Also News Release (C-SHL) Spruce Ridge Resources Ltd

Mr. Vance White of Noble reports

NOBLE ACQUIRES ADDITIONAL SHARES OF SPRUCE RIDGE & PROVIDES EARLY WARNING REPORT DISCLOSURE

Noble Mineral Exploration Inc. has acquired 10 million common shares of Spruce Ridge Resources Ltd. through the exercise of warrants at five cents per share, paying a total of $500,000 for the shares. The transaction was effective on Aug. 3, 2021, bringing Noble’s holdings of Spruce common shares to 18 million (all held directly). Prior to the transaction, Noble held eight million common shares of Spruce (which management of Noble estimates corresponded to approximately 4.8 per cent of Spruce’s outstanding shares), and, after the transaction, Noble holds 18 million common shares of Spruce (corresponding to approximately 10.1 per cent of Spruce’s outstanding shares).

The additional information regarding the transaction required to be disclosed under Section 3.1 of National Instrument 62-103 is included in an early warning report being filed by Noble on SEDAR. A copy of that report can be obtained by contacting H. Vance White, president and chief executive officer of Noble, at 416-214-2250.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration is a Canadian-based junior exploration company that, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources and MacDonald Mines Exploration Ltd. and its interest in the Holdsworth gold exploration property in the area of Wawa, Ont., holds approximately 72,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration.

Noble’s common shares trade on the TSX Venture Exchange under the symbol NOB.

We seek Safe Harbor.

https://noblemineralexploration.com/