Noble Closes Non-Brokered Private Placement and Settles Debt

Executive Summary

• Noble Mineral Exploration closed a non‑brokered private placement, raising approximately $1.05 million gross proceeds by issuing 7 million flow‑through common share units at $0.15 per unit.
• The company settled outstanding debt by paying $14,000 cash and issuing 466,666 broker warrants (exercise price $0.125) to an arm’s‑length party.
• Proceeds from the private placement will be used to fund exploration expenditures for critical minerals on Noble’s properties.

Key Details

• Private Placement Gross Proceeds: ~ $1,050,000 (before fees and expenses).
• Units Issued: 7,000,000 FT Units at $0.15 per unit.
• Composition of Each FT Unit: 1 flow‑through common share + ½ non‑flow‑through common share purchase warrant (full warrant exercisable for two years at $0.20 per share).
• Total Shares & Warrants Issued in Private Placement: 7,000,000 FT shares and 3,500,000 warrants.
• Hold Period on Securities: Four months from issuance.
• Debt Settlement Payment: $14,000 cash.
• Broker Warrants Issued for Debt Settlement: 466,666 warrants, each exercisable for one common share at $0.125 per share for two years.
• Hold Period on Debt Settlement Warrants: Four months from issuance.
• Use of Proceeds: Fund exploration activities targeting critical minerals across Noble’s portfolio of properties in Ontario and Quebec.

Notable Quotes

(No executive quotes were provided in the release.)