Noble Mineral closes $549,099 private placement

Feb 12, 2020

2020-02-11 08:09 ET – News Release

Mr. Vance White reports

NOBLE CLOSES NON-BROKERED PRIVATE PLACEMENT

Noble Mineral Exploration Inc. has closed its previously announced (see news release dated Feb. 3, 2020) non-brokered private placement. The gross proceeds of the private placement were $549,099.96, raised through the issuance of 1,233,333 flow-through common share units at 12 cents per unit, and 5,013,750 hard dollar common share units at eight cents per unit. Each flow-through or hard dollar common share unit comprises one common share and one-half of one common share purchase warrant. Each full common share purchase warrant is exercisable for one common share of Noble at 12 cents per share for a period of two years. (In the private placement a total of 6,247,083 common shares and 3,123,541 warrants were therefore issued to investors.)

In connection with the private placement, the company paid cash commissions of $38,437 and issued 541,375 broker warrants exercisable for two years.

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

The closing proceeded after conditional approval of the private placement was granted by the TSX Venture Exchange and remains subject to final approval of the exchange.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration is a Canadian-based junior exploration company, which, in addition to its shareholdings in Spruce Ridge Resources Ltd. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ont., holds in excess of 78,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81.

We seek Safe Harbor.

https://www.noblemineralexploration.com/