Noble Completes First Tranche of Debt Financing
13 July 2013 - 2:54AM
Access Wire
Toronto, Ontario - June 25, 2013, Noble Mineral
Exploration Inc. (the "Company" or
"Noble") (TSX-V:NOB, FRANKFURT:NB7,
OTC.PK:NLPXF) announces that, as approved by the TSX Venture
Exchange, it has completed share issuances under a previously
announced shares-for-debt agreements (the "Agreements") with a number of creditors (the "Creditors"). As disclosed by news releases issued on May 16,
2013 and June 14, 2013, Noble issued 1,741,628 common shares to nine
Creditors to settle total indebtedness of $87,081.44. Included
among the Creditors were five parties who are not at arm's length
to Noble, the Company having issued 66,862 common shares to settle
aggregate indebtedness of $3,43.12 to those non-arm's length
Creditors. Shares issued to the Creditors will be subject to a
four-month hold period expiring on October 21, 2013
The Company also issued
a total of 25,000 shares to two First Nations with whom it
previously signed a Memorandum of Agreement ("MOA") with respect to
its exploration activities on portions of Noble's Project 81. This
is the final instalment of share issuances due to these First
Nations under the MOA.
About Noble
Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a
Canadian based junior exploration company holding in excess of
72,000 hectares of property in the Timmins, Iroquois Falls and
Smooth Rock Falls areas of Northern Ontario. The Company also holds
a portfolio of diversified exploration projects at various stages
of exploration Gold in the Wawa area of Northern Ontario, and
Uranium in Northern Saskatchewan.
More detailed
information is available on the website at www.noblemineralexploration.com
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:
Noble Mineral Exploration Inc.
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|H. Vance White, President |Investor Relations |
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|Phone: |416-214-2250 |Phone: |416-214-2250 |
|-------------------------------------------------------------------------------------|
|Fax: |416-367-1954 |eMail: |ir@noblmineralexploration.com|
|-------------------------------------------------------------------------------------|
|eMail: |info@noblemineralexploration.com| | |
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