Noble Announces Shares for Debt Agreement for $80,000
(via Thenewswire.ca)
Toronto, Ontario - May 16, 2013, Noble Mineral Exploration Inc. (the
"Company", "Noble" or "NOB") (TSX-V:NOB,
FRANKFURT:NB7, OTC.PK:NLPXF) is pleased to announce that it has
entered into shares-for-debt agreements (the "Agreements")
with two arm's length service providers/creditors (the
"Creditors").
Pursuant to the Agreements, and subject to TSX Venture Exchange
Approval, the Company will issue to the Creditors an aggregate of
1,600,000 common shares in the capital of the Company
("Shares") at a deemed price of $0.05 per Share. The total
amount of indebtedness to be settled by the Agreements is $80,000. The
Company decided to satisfy this outstanding indebtedness with Shares
to preserve its cash for operations.
Shares issued to the Creditors will be subject to a four-month hold
period from the settlement date.
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.
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
eMail: info@noblemineralexploration.com
Investor Relations
Phone: 416-214-2250
eMail: ir@noblemineralexploration.com
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