- Noble Mineral Exploration (NOB) has closed its previously announced non-brokered private placement for gross proceeds of $562,500
- The company issued 6,250,000 flow-through units at $0.09 per unit
- Each flow-through unit comprises one common share issued as a “flow-through share” and one-half of one non-flow-through common share purchase warrant
- Noble Mineral is a junior exploration company based in Canada
- Noble Mineral Exploration (NOB) is down by 8.33 per cent, trading at $0.055 per share
Noble Mineral (NOB) has closed its non-brokered private placement for gross proceeds of $562,500.
The company issued 6,250,000 flow-through units at $0.09 per unit.
Each flow-through unit comprises one common share issued as a “flow-through share” and one-half of one non-flow-through common share purchase warrant.
Each warrant entitles the holder to acquire one additional common share at $0.11 for three years.
Noble intends to use the proceeds to fund exploration expenditures on its Quebec properties.
The company has paid cash commission of $31,500 and issued 350,000 broker warrants in connection to the offering. The warrants are exercisable for three years for one common share at $0.09 per share.
All securities issued under the offering are subject to a statutory four-month hold period.
Noble Mineral is a junior exploration company based in Canada.
Noble Mineral Exploration (NOB) is down by 8.33 per cent, trading at $0.055 per share at 2:00 pm ET.