Business
Nobel Resources Announces Private Placement Offering
TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Nobel Resources Corp. (TSX–V: NBLC; OTCQB: NBTRF) (the “Company” or “Nobel”) announces a non-brokered private placeme
About this update from Nobel Resources Corp
[{"type":"text","content":" TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Nobel Resources Corp. (TSX–V: NBLC; OTCQB: NBTRF) (the “Company” or “Nobel”) announces a non-brokered private placement financing of up to 16,000,000 Units to be priced at $0.05 per Unit for gross proceeds of up to $800,000 (the “Offering”). Each Unit will be comprised of one common share in the capital of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.10 per Common Share for a period of 36 months following the completion of the Offering. Securities issued under the Offering are expected to carry a holder period of 4 months and one day from the date of issue as may be required under applicable securities laws. The Company plans to use the aggregate net proceeds of the Offering to identify and evaluate potential acquisition of mineral properties as well as general corporate working capital purposes. The Offering is scheduled to close on or about September 18, 2024 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States. About Nobel Nobel Resources is a Canadian resource company focused on identifying and developing prospective mineral projects. The Company has a team with a strong background of exploration success. For further information, please contact:Vincent ChenInvestor [email protected] www.nobel-resources.com Cautionary Note Regarding Forward-looking Information This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, regarding the Offering, the use of proceeds of the Offering, the Company’s ability to identify and acquire new projects and restart its ...