(TheNewswire)
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
Toronto, Ontario / TheNewswire / September 7, 2018 –
Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) announces the closing of a second and final
tranche of its previously announced (see news releases dated August 1, 14, and 17, 2018) non-brokered private placement (the “Private
Placement”) by raising gross proceeds of $24,000 through the sale of 400,000 common share units
(“Common Share Units”) priced at $0.06 per Common Share Unit. The
aggregate gross proceeds raised in the two tranches of the Private Placement amount to $663,100.
Each Common Share Unit issued in the Private Placement consists of one common share of Noble and one
common share purchase warrant. Each common share purchase warrant will entitle the holder to acquire one common share of Noble at
an exercise price of $0.10 per share for a period of three years following the closing. No finder fee was paid in connection with
the second tranche of the Private Placement.
The securities to be issued in this Private Placement are subject to a four month hold
period.
The closing of the Private Placement is subject to the approval of the TSX Venture Exchange, as well
as any other required regulatory approvals.
Noble intends to use the proceeds raised through the Private Placement to provide working capital
and fund exploration expenditures, for general and administrative expenditures, to pay debts and to pay mining land taxes so as to
maintain its Settlement Agreement with the Ontario Ministry of Northern Development and Mines in good standing.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its
shareholdings in MacDonald Mines Exploration Ltd. and its interest in the Holdsworth gold exploration property in the area of Wawa,
Ontario, holds in excess of 70,641 hectares of mineral rights in the
Timmins - Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts diversified drill-ready gold and base metal
exploration targets at various stages of exploration. More detailed information is available on the website at www.noblemineralexploration.com.
Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB”.
Cautionary Statement:
Neither 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. No stock
exchange, securities commission or other regulatory authority has approved or disapproved the information contained
herein.
The foregoing information may contain forward-looking statements relating to the future performance
of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future
performance, are subject to certain risks and uncertainties, and actual results may differ
materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed
herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators.
Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as
a result of new information, future events or otherwise.
Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations
Email: ir@noblemineralexploration.com
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