Noble Closes Non-Brokered Private Placement and Settles Debt

Core Insights - Noble Mineral Exploration Inc. has successfully closed a non-brokered private placement, raising approximately $1,050,000 through the issuance of 7,000,000 flow-through common share units priced at $0.15 per unit [2][3] - The company plans to utilize the proceeds from the private placement to fund exploration expenditures for critical minerals on its properties [3] - Noble is also settling debt by paying $14,000 in cash and issuing 466,666 broker warrants, each exercisable for one common share at a price of $0.125 per share for two years [4] Private Placement - Noble raised gross proceeds of about $1,050,000 through the issuance of 7,000,000 flow-through common share units [2] - Each unit consists of one common share designated as a flow-through share and one-half non-flow-through common share purchase warrant, with full warrants exercisable for two years at an exercise price of $0.20 per share [2] - The securities issued are subject to a four-month hold period and customary closing conditions, including TSX Venture Exchange approval [3] Debt Settlement - Noble has received necessary approvals to settle debt, which includes a cash payment of $14,000 and the issuance of 466,666 broker warrants [4] - Each warrant from the debt settlement is exercisable for one common share at a price of $0.125 per share for two years [4] - All warrants issued in this transaction are also subject to a four-month hold period [4] Company Overview - Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in various nickel and gold exploration properties [5][6] - The company holds mineral and exploration rights in approximately 70,000 hectares in Northern Ontario and 24,000 hectares in Quebec [6][7] - Notable projects include Project 81, which hosts drill-ready targets for gold, nickel-cobalt, and base metals, as well as several other properties focused on critical minerals [6][7]