Noble takes action for debt settlement
Toronto, ON – TheNewswire – April 13, 2022 – Noble Mineral Exploration Inc. (the “Company” or “Noble”) (TSXV: NOB), (FRANKFURT:NB7), (OTC: NLPXF) announces that it has entered into an agreement with a creditor to settle a total debt of $61,076.70 by issuing common shares, at a valuation of $0.14 per share. The transaction remains subject to the approval of the TSX Venture Exchange and Noble’s Board of Directors. If approved and completed, a total of 436,262 common shares would be issued as part of this transaction.
About Noble Mineral Exploration Inc. :
Noble Mineral Exploration Inc. is a Canadian junior exploration company which, in addition to its interests in Canada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the Wawa region of Ontario, will continue to hold approximately 40,000 hectares of mineral rights in the Timmins-Cochrane areas of northern Ontario. Ontario, known as Project 81, as well as approximately 11,000 additional hectares in the Timmins area and 44,000 hectares of mining claims in central Newfoundland. Project 81 hosts diversified exploration-ready targets for gold, nickel-cobalt and base metals at various stages of exploration. It will also hold its recently acquired Nagagami carbonatite complex near Hearst, Ontario, as well as the Buckingham Graphite property, the Laverlochere Nickel, Copper, PGNM property and the Cere-Villebon Nickel, Copper, PGM property, all located in the province. of Quebec. More detailed information is available on the website at www.noblemineralexploration.com.
The common shares of Noble trade on the TSX Venture Exchange under the symbol “NOB”.
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
The foregoing information may contain forward-looking statements regarding the future performance of Noble Mineral Exploration Inc. Forward-looking statements, particularly those regarding 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 Company’s filings with the TSX Venture Exchange and securities authorities. Noble Mineral Exploration Inc. undertakes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
H. Vance White, President
E-mail: [email protected]