Toronto, Ontario – December 7, 2023 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the “Private Placement”). (Please see Noble’s news release of November 24, 2023.) At this first tranche closing, Noble raised gross proceeds of $112,500 (before fees and expenses) through the issuance of 1,500,000 flow-through common share units (“FT Units”) priced at $0.075 per unit. Each FT Unit is comprised of one common share issued as a “flow-through share” as defined in the Income Tax Act (Canada) and designated as a flow-through common share (“FT Share”), and one-half non-flow-through common share purchase warrant. Each full warrant issued pursuant to the FT Units will be exercisable for two years for one common share of the Company at an exercise price of $0.125 per share. Noble may close subsequent tranches of the Private Placement.
