Noble Announces Shares for Debt Agreement
(via Thenewswire.ca)
Toronto, Ontario - June 14, 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 seven creditors (the "Creditors").
Pursuant to the Agreements, and subject to
TSX Venture Exchange Approval, the Company will issue to the Creditors
an aggregate of 141,628 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 $7,031.44. 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 http://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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