Noble Raises $1.05M in Private Placement for Exploration and Announces Share Repurchase Plan
Noble has completed a non-brokered private placement, raising approximately $1,050,000 by issuing 7,000,000 flow-through common share units priced at $0.15 each. The proceeds will fund exploration expenditures for critical minerals. Additionally, Noble plans to cancel Class I Shares purchased at market price and will repurchase shares at its discretion under the NCIB. The company holds extensive mineral rights in Northern Ontario and Quebec.
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Noble raised approximately $1,050,000 through a non-brokered private placement, issuing 7,000,000 flow-through common share units at $0.15 per unit. Proceeds will fund exploration for critical minerals.
Noble will cancel Class I Shares purchased at market price via the NCIB, financing these purchases from cash and working capital. The company also settled $14,000 in debt through cash and the issuance of 466,666 broker warrants.
Noble holds mineral rights in ~70,000ha in Northern Ontario and ~24,000ha in Quebec, including Project 81, which has diverse exploration targets. Noble's shares trade on the TSX Venture Exchange under the symbol 'NOB'.
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