Noble Plains arranges $900,000 private placement

Executive Summary

• Noble Plains Uranium Corp. announced a non‑brokered private placement of up to 10 million units at $0.09 per unit, targeting gross proceeds of up to $900,000.
• Each unit consists of one common share and half of a common‑share purchase warrant; full warrants allow acquisition of an additional share at $0.15 for two years.
• Proceeds will fund exploration on the Duck Creek and Shirley Central uranium projects in Wyoming and provide general working capital.

Key Details

• Offering size: Up to 10 million units (≈$900,000 gross proceeds).
• Price per unit: $0.09.
• Unit composition: 1 common share + ½ of a common‑share purchase warrant.
• Warrant terms: Full warrant grants the holder the right to buy one additional share at $0.15 per share for two years from issuance.
• Use of proceeds: Exploration work on Duck Creek and Shirley Central projects (Powder River Basin & Shirley Basin, WY) and general working capital.
• Finder’s fees: Up to 7 % of gross proceeds in cash and up to 7 % of units sold in non‑transferable share purchase warrants (same terms as offering warrants).
• Regulatory conditions: Subject to TSX Venture Exchange approval; securities subject to a statutory hold period of four months and one day.
• Related‑party participation: Certain directors/officers may acquire securities under the placement, relying on MI 61‑101 exemptions; fair market value not to exceed 25 % of market capitalization.

Notable Quotes

(No direct quotes provided in the release.)