Nobel Closes First Tranche of Private Placement Offerings

Executive Summary

• Nobel Resources Corp. closed the first tranche of its “LIFE Offering” private placement, issuing 45,750,000 units at $0.05 per unit for gross proceeds of $2,287,500.
• The company also closed the first tranche of a non‑brokered “NB Offering,” issuing 6,700,000 units at $0.05 per unit for $335,000 in gross proceeds.
• Net proceeds will be used to fund exploration on Chilean mineral properties and for general corporate and working‑capital purposes; final tranches are expected to close in the coming weeks.

Key Details

• Units Issued – LIFE First Tranche: 45,750,000 units @ $0.05/unit = $2,287,500 gross proceeds.
• Unit Composition: Each unit = 1 common share + ½ of a common‑share purchase warrant (exercise price $0.06, exercisable after 70 days, 24‑month term).
• Broker Warrants Issued to Agents: 3,202,500 non‑transferable warrants (exercise price $0.05, 24‑month term).
• Lead Agent & Syndicate: iA Private Wealth Inc. (lead agent/bookrunner) with Velocity Trade Capital Ltd. and Haywood Securities Inc.; agents received cash fees of $160,125.
• Units Issued – NB First Tranche: 6,700,000 units @ $0.05/unit = $335,000 gross proceeds; same unit terms as LIFE tranche.
• Hold Periods: LIFE tranche shares/warrants have no statutory hold period; NB tranche shares subject to a 4‑month + 1‑day hold period under Canadian securities law.
• Insider Participation: Directors and officers subscribed for 4,700,000 units in the NB tranche (related‑party transaction); exemptions relied upon under MI 61‑101 as the transaction is <25% of market cap.
• Use of Proceeds: Continue exploration on Chilean mineral properties; general corporate and working‑capital purposes.
• Regulatory Status: Both tranches remain subject to final approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)