Toronto, Ontario – January 2, 2024 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce the closing of its previously announced (see the news releases of November 24, and December 7 and 22, 2023) non-brokered private placement (the “Private Placement”) whereby it raised gross proceeds of approximately $721,250 (before fees and expenses) through the placement of 9,616,666 flow-through common share units (“FT Units”) priced at $0.075 per unit. Each FT Unit was 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 being exercisable for two years for one common share in the capital of the Company at an exercise price of $0.125 per common share. Noble issued a total of 9,616,666 FT Shares and 4,808,333 warrants in the Private Placement. (Note that the December 22, 2023 news release has inadvertently reported the total number of warrants issued in the Private Placement as 3,948,333 warrants. This news release corrects that error.)
