Noble Mineral agreement for Newfoundland mining claim

Jun 7, 2023

2023-06-06 18:59 ET – Property Agreement


The TSX Venture Exchange has accepted for filing documentation with respect to the arm’s-length acquisition of one mining claim in Newfoundland, covering an area of approximately 175 hectares. To acquire the claim, Noble Mineral Exploration Inc. will issue 25,000 common shares and pay $5,000 to an arm’s-length vendor. The vendor will retain a 2-per-cent net smelter return (NSR) royalty, of which the company can elect to buy back a 1-per-cent NSR royalty for $500,000 and the remaining 1-per-cent NSR royalty for $1-million.

For further details, refer to the company’s news releases dated Jan. 17, 2023, and May 30, 2023.

Related Posts


Share This