Nobel Announces Private Placement Offerings

Core Viewpoint - Nobel Resources Corp. has announced a new financing initiative, the LIFE Offering, aiming to raise between $1.5 million and $2.5 million through the sale of units priced at $0.05 each, with a closing date anticipated around November 17, 2025 [1][8]. Group 1: Offering Details - The LIFE Offering will consist of a minimum of 30,000,000 units and a maximum of 50,000,000 units, with each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant will allow the holder to purchase one share at a price of $0.06 for a period of 24 months following the closing date, with a 70-day waiting period before exercise [2]. - The company will pay a cash commission of 7% on the gross proceeds to the agents and issue broker warrants equal to 7% of the total units sold [3]. Group 2: Regulatory and Compliance - The LIFE Offering will be available to purchasers in all Canadian provinces except Québec, under the listed issuer financing exemption [4]. - The securities from the LIFE Offering are expected to be freely tradable under Canadian securities legislation if sold to Canadian residents [4]. Group 3: Additional Offerings - In addition to the LIFE Offering, the company plans a concurrent non-brokered private placement of up to 20,000,000 units [5]. - Participation from certain insiders in the non-brokered offering will be classified as a related party transaction, with the company relying on exemptions from formal valuation requirements [6]. Group 4: Use of Proceeds - The net proceeds from both offerings will be allocated towards exploration work on the company's mineral properties in Chile, as well as for general corporate and working capital purposes [7]. Group 5: Closing and Approval - The offerings are subject to necessary approvals, including that of the TSX Venture Exchange, and are expected to close on or before 45 days from the announcement date [8]. Group 6: Company Overview - Nobel Resources is a Canadian resource company focused on identifying and developing mineral projects, backed by a team with a strong exploration success record [12].