Workflow
Common shares of Nobel Resources
icon
Search documents
Nobel Closes Final Tranche of LIFE Offering
Globenewswire· 2025-12-17 15:22
Core Points - Nobel Resources Corp. has successfully closed the second and final tranche of its private placement, raising a total of $2,500,000 by issuing 50,000,000 units at $0.05 per unit [1][5] - Each unit consists of one common share and one-half of a common share purchase warrant, with warrants priced at $0.06 for a period of 24 months [2] - The offering was led by iA Private Wealth Inc. and included a cash fee of $14,875 and the issuance of 297,500 broker warrants [3] Financial Details - The LIFE Offering generated gross proceeds of $2,500,000 from the issuance of 50,000,000 units, with the second tranche contributing $212,500 from 4,250,000 units [1][5] - The net proceeds will be allocated for exploration work on Chilean mineral properties and for general corporate purposes [5] Corporate Governance - At the annual meeting held on December 16, 2025, shareholders elected the nominees as directors and approved the appointment of auditors and the stock option plan [6] - The company expressed gratitude to shareholders for their participation and support [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 [7]