- Nobel Resources has completed its brokered private placement for total gross proceeds of $5,000,000
- 7,777,780 units were issued in the final tranche for gross proceeds of $3,500,000
- The offering was led by Clarus Securites Inc., together with iA Private Wealth Inc. and Research Capital Corporation
- The net proceeds of the offering shall be used for project exploration and for other general and corporate purposes
- Nobel Resources Corp is a mineral exploration and development company
- Nobel Resources Corp. (NBLC) is down 2.04 per cent, trading at C$0.48 per share at 1:15 pm ET
Nobel Resources (NBLC) has completed its brokered private placement of units for total gross proceeds of $5,000,000.
7,777,780 units were issued in the final tranche for gross proceeds of $3,500,000. Each unit includes one common share and one-half of one purchase warrant. Each whole warrant will entitle the holder to purchase one share at a price of $0.60 for 36 months following the closing date of the offering.
The offering was led by Clarus Securites Inc., together with iA Private Wealth Inc. and Research Capital Corporation.
The agents were paid a cash commission of $210,000 and 466,666 broker warrants. Each broker warrant can be exercised to purchase one common share at any time for a period of 36 months following the closing date.
The net proceeds of the offering shall be used for project exploration and for other general and corporate purposes.
Nobel Resources has the right to acquire 100 per cent interest in the Algarrobo Iron Oxide Copper Gold ore (IOCG), a potential IOCG style high-grade copper property in Chile. The country is a top mining jurisdiction as it is strategically located within 25 km from port and has world-class IOCG deposits within the Major Candelaria belt. Chile’s mining capabilities benefit from close to surface, high-grade mineralization within the mining face and has the necessary permitting in place.
Nobel Resources Corp. (NBLC) is down 2.04 per cent, trading at C$0.48 per share at 1:15 pm ET.