Core Points - Nobel Resources Corp. has closed the first tranche of its private placement, raising gross proceeds of $2,287,500 by issuing 45,750,000 units at a price of $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 net proceeds from the offerings will be utilized for exploration work on Chilean mineral properties and general corporate purposes [6] Offering Details - The LIFE Offering was led by iA Private Wealth Inc., with an aggregate cash fee of $160,125 paid to the agents and 3,202,500 broker warrants issued [3] - The NB Offering raised an additional $335,000 by issuing 6,700,000 units, with the same terms as the LIFE Offering [5] - The shares and warrants from the LIFE First Tranche are not subject to a statutory hold period, while those from the NB First Tranche will have a four-month and one-day hold period [4][5] Insider Participation - Certain directors and officers subscribed for 4,700,000 units under the NB First Tranche, qualifying as a related party transaction [7] - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the transaction's market capitalization impact [7] Company Overview - Nobel Resources is a Canadian resource company focused on identifying and developing mineral projects, supported by a team with a strong exploration background [8]