Nobel Resources arranges financings

Executive Summary

• Nobel Resources Corp. has entered into an engagement letter with iA Capital Markets to act as lead agent for a syndicate of agents to conduct a private placement offering.
• The company is offering a minimum of 30 million units and a maximum of 50 million units at $0.05 per unit, targeting gross proceeds between $1.5 million and $2.5 million.
• The offering includes a concurrent non-brokered private placement of up to 20 million units, with anticipated insider participation constituting a related party transaction.

Key Details

• Offering Structure: Minimum 30 million units, maximum 50 million units.
• Price: $0.05 per unit.
• Gross Proceeds: Minimum $1.5 million, maximum $2.5 million.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms:
  • Each warrant entitles the holder to purchase one share at an exercise price of $0.06.
  • Warrants are exercisable for a period of 24 months following the closing date.
  • Warrants are not exercisable until 70 days after the closing date.
• Agent Compensation:
  • Cash commission of 7% of gross proceeds.
  • Broker warrants equal to 7.0% of the aggregate number of units issued, exercisable at the offering price for 24 months.
• Concurrent Offering: A non-brokered (NB) private placement of up to 20 million units is intended to be completed concurrently.
• Insider Participation: Insiders are anticipated to participate in the NB offering, constituting a related party transaction under Multilateral Instrument 61-101. The company relies on exemptions from formal valuation and minority shareholder requirements as the consideration will not exceed 25% of market capitalization.
• Regulatory Basis: Offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (excluding Quebec). Securities are expected to be immediately freely tradeable in Canada.
• Use of Proceeds: Continued exploration of Chilean mineral properties and general corporate/working capital purposes.
• Closing Date: Scheduled for on or about November 17, 2025, or within 45 days of the news release date.
• Conditions: Subject to regulatory approvals, including the TSX Venture Exchange.

Notable Quotes

• None provided in the text.