Toronto, Ontario – December 22, 2023 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce the closing of the second tranche of its previously announced non-brokered private placement (the “Private Placement”). (Please see Noble’s news releases of November 24 and December 7, 2023.) At this second tranche closing, Noble raised gross proceeds of approximately $608,750 (before fees and expenses) through the issuance of 8,116,666 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 is exercisable for two years for one common share of the Company at an exercise price of $0.125 per share. In the two tranches of the Private Placement, Noble raised total gross proceeds of approximately $721,250 and issued a total of 9,616,666 FT Shares and 3,948,333 warrants. Noble may close subsequent tranches of the Private Placement.
