IBK Capital Corp. Acquires Shares Of Noble Mineral Exploration Inc.
(via Thenewswire.ca)
Toronto, July 12, 2013 - This news release is disseminated pursuant to National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report") regarding the holdings of IBK Capital Corp. (the "Acquiror"), who acquired ownership or control over 240,000 common shares (the "Shares") of Noble Mineral Exploration Inc. (the "Company") issued as bonus shares as part of a secured loan financing that closed on July 11, 2013 (the "Financing").
The aggregate number Shares over which the Acquiror has ownership over amounts to 0.15% of the issued and outstanding Shares of the Company, calculated on a partially diluted basis. Prior to the closing of the Financing the Acquiror did not own or control any Shares of the Company, however the Acquiror previously owned 4,851,827 broker warrants (the "Broker Warrants"), which are exercisable into Shares and units ("Units"), where each Unit is comprised of Shares and common share purchase warrants (the "Warrants") of the Company. Following closing of the Financing, the Acquiror owns 240,000 Shares and 4,851,827 Broker Warrants, which if fully exercised, would represent 3.18% of the issued and outstanding Shares of the Company, calculated on a partially diluted basis.
The Acquiror and any persons or companies that may be considered to be joint actors with the Acquiror have beneficial ownership or control over 15,762,283 Shares, 4,851,877 Broker Warrants and 5,878,987 Warrants of the Company, which, if the Broker Warrants and Warrants were fully exercised, would represent an aggregate of 15.96%, of the total issued and outstanding Shares of the Company, calculated on a partially diluted basis.
The Acquiror and the joint actors have acquired the securities in the Company for investment purposes and from time to time the Acquiror and any of the joint actors may: (i) acquire additional securities of the Company, (ii) dispose of some or all of the existing or additional securities they hold or may hold or (iii) continue to hold their current position.
The issuance of this press release is not an admission that an entity named herein owns or controls any securities described herein or is a joint actor with any other person or company named in the early warning report referred to in this press release.
To obtain a copy of the Early Warning Report filed in connection with this matter, please contact William F. White at WFWhite@ibkcapital.com (ph.: (416) 360-4517). A copy of this report will be filed on Noble's profile on SEDAR at www.sedar.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For more information contact:
Mr. William F. White
Telephone: (416) 360-4517
Email: WFWhite@ibkcapital.com
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