Noble Mineral closes $1-million financing

Feb 4, 2019

2019-02-04 08:12 ET – News Release

Mr. H. Vance White reports

NOBLE ANNOUNCES CLOSING OF ITS NON-BROKERED PRIVATE PLACEMENT

Noble Mineral Exploration Inc. has closed its previously announced (see the news release issued on Jan. 23, 2019, by Noble) non-brokered private placement, involving the issuance of 10.05 million common share units priced at 10 cents per common share unit. The aggregate gross proceeds raised in this Private Placement amount to $1,005,000.

Each Common Share Unit issued in the Private Placement consists of one common share of Noble (a ” Share “) and one common share purchase warrant (a ” Warrant “). Each Warrant entitles the holder to acquire one Share at an exercise price of $0.11 per Share for a period of three years following the closing.

In connection with the Private Placement, the Company paid a cash commission of $23,150 and issued 308,000 broker warrants exercisable at $0.11 per Share for a period of three years.

The securities issued in this Private Placement are subject to a four month hold period.

The closing of the Private Placement is subject to the final approval of the TSX Venture Exchange, as well as any other required regulatory approvals.

Noble will use the proceeds of the Private Placement to provide working capital and fund exploration expenditures, for general and administrative expenditures and to pay debts and mining land taxes (including to make payments that are due in order to maintain in good standing the Company’s agreement with the Ontario Ministry of Northern Development and Mines in relation to mining land taxes).

About Noble Mineral Exploration Inc.:

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Spruce Ridge Resources Ltd. and in MacDonald Mines Exploration Ltd. and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, holds in excess of 79,000 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 VMS base metal exploration targets at various stages of exploration. More detailed information is available on the website at www.noblemineralexploration.com .

We seek Safe Harbor.

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