Noble Extends Warrants

Executive Summary

• Noble Mineral Exploration proposes to extend the expiry dates of all outstanding common share purchase warrants issued in its 2022 and 2023 private placements to late 2027.
• The extension applies to a total of 7,933,333 warrants (3,125,000 from 2022 and 4,808,333 from 2023) with exercise prices of $0.11 and $0.125 per share respectively.
• All other warrant terms remain unchanged; the extensions are subject to TSX Venture Exchange approval.

Key Details

• 2022 Warrants – 3,125,000 warrants issued on Nov 21, 2022 (2,500,000 shares) and Dec 1, 2022 (625,000 shares) at $0.11 per share.
• Original expiry: Nov 21, 2025 / Dec 1, 2025.

• Proposed new expiry: Nov 21, 2027 / Dec 1, 2027.

• 2023 Warrants – 4,808,333 warrants issued on Dec 7, 2023 (750,000 shares), Dec 21, 2023 (2,325,000 shares) and Dec 22, 2023 (1,733,333 shares) at $0.125 per share.

• Original expiry: Dec 7, 2025 / Dec 21, 2025 / Dec 22, 2025.

• Proposed new expiry: Dec 7, 2027, Dec 21, 2027, Dec 22, 2027 respectively.

• Total Shares Issuable Upon Full Exercise: 3,125,000 (2022) + 4,808,333 (2023) = 7,933,333 shares.

• Exercise Prices: $0.11 per share for 2022 warrants; $0.125 per share for 2023 warrants.
• Other Terms: No changes to other warrant provisions (e.g., adjustment mechanisms, transferability).
• Regulatory Condition: Extension is contingent upon acceptance by the TSX Venture Exchange.

Notable Quotes

(No executive quotes were included in the release.)