Nobel Closes Non-Brokered Private Placement Offering

Core Viewpoint - Nobel Resources Corp. has successfully closed a non-brokered private placement offering, raising $250,000 through the issuance of 4,166,667 units at a price of $0.06 per unit [1][2] Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at $0.075 until January 29, 2028 [2] - The offering is subject to a statutory hold period of four months and one day [2] - The company paid cash finder's fees of $6,300 and issued 105,000 finder's warrants, each allowing the acquisition of one common share at $0.06 for 24 months [4] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for exploration work on the company's Chilean mineral properties, as well as for general corporate and working capital purposes [3] Group 3: Stock Options and Restricted Share Units - The company issued 3,200,000 stock options to certain officers and directors, with an exercise price of $0.15 per share for three years [5] - Additionally, 750,000 restricted share units were issued to certain directors and officers, vesting annually over three years [6] Group 4: Company Overview - Nobel Resources is a Canadian resource company focused on identifying and developing prospective mineral projects, supported by a team with a strong background in exploration success [7]