Nobel Announces Upsizing of Non-Brokered Private Placement Offering

Executive Summary

• Nobel Resources Corp. increased its previously announced private placement size from up to $1 M to up to $2.5 M in gross proceeds.
• The offering now consists of up to 50,000,000 units at $0.05 per unit; the first tranche closed on Dec 11 2025 for $335,000 (6,700,000 units).
• Net proceeds will fund continued exploration of Chilean mineral properties and general corporate/working‑capital needs.

Key Details

• Offering Size: Raised to a maximum of $2,500,000 gross proceeds.
• Units Offered: Up to 50,000,000 Units at $0.05 per Unit.
• First Tranche: Closed Dec 11 2025; issued 6,700,000 Units for $335,000 gross proceeds.
• Unit Composition: Each Unit = 1 common share + ½ of one common‑share purchase warrant.
• Warrant Terms: One whole warrant (covering two units) allows purchase of one share at $0.06 per share, exercisable for 24 months from issuance.
• Use of Proceeds: Primarily to continue exploration work on Chilean mineral properties and for general corporate and working‑capital purposes.
• Closing Deadline: Expected on or before January 29 2026, subject to TSX Venture Exchange approval.
• Regulatory Notes: Offering is non‑brokered, private placement; securities not registered in the U.S. and may not be offered/sold there.

Notable Quotes

(No direct quotes were provided in the release.)