Noble Completes First Tranche of Debt Financing
(via Thenewswire.ca)
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
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|Fax: |416-367-1954 |eMail:
|ir@noblmineralexploration.com|
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|eMail: |info@noblemineralexploration.com|? |?
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