Business
Noble acquires additional shares of Spruce Ridge & provides Early Warning Report disclosure
(TheNewswire) Toronto, Ontario - TheNewswire - August 4, 2021 - N...
About this update from Noble Mineral Exploration Inc.
[{"type":"text","content":"Noble acquires additional shares of Spruce Ridge & provides Early Warning Report disclosure\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n Toronto, Ontario -\n \n \n TheNewswire -\n \n \n August 4, 2021 - Noble Mineral Exploration\nInc.\n \n \n (\n \n \n “Noble” or the “Company”\n \n \n )\n(TSXV:NOB\n \n \n ) (\n \n \n FRANKFURT:NB7\n \n \n ) (\n \n \n OTC:NLPXF) announces that it has acquired 10 million common\nshares of Spruce Ridge Resources Ltd. (“\n \n \n Spruce\n \n \n ”) through\nthe exercise of warrants at $0.05 per share (the\n \n \n “Transaction\n \n \n ”),\npaying a total of $500,000 for the shares.  The Transaction was\neffective on August 3, 2021, bringing Noble’s holdings of Spruce\ncommon shares to 18 million (all held directly).  Prior to the\nTransaction, Noble held 8 million common shares of Spruce (which\nmanagement of Noble estimates corresponded to approximately 4.8% of\nSpruce’s outstanding shares), and after the Transaction Noble holds\n18,000,000 common shares of Spruce (corresponding to approximately\n10.1% of Spruce’s outstanding shares).\n \n \n \n \n The additional information regarding the Transaction\nrequired to be disclosed under section 3.1 of National Instrument\n62-103 is included in an Early Warning Report being filed by Noble on\nSEDAR.  A copy of that report can be obtained by contacting H. Vance\nWhite, President & CEO of Noble, at 416-214-2250.\n \n \n \n \n About Noble Mineral Exploration\nInc.:\n \n \n \n \n Noble Mineral Exploration Inc. is a Canadian-based\njunior exploration company which, in addition to its shareholdings in\nCanada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonald\nMines Exploration Ltd., and its interest in the Holdsworth gold\nexploration property in the area of Wawa, Ontario, holds approximately\n72,000 hectares of mineral rights in the Timmins-Cochrane areas of\nNorthern Ontario known as Project 81. Project 81 hosts diversified\ndrill-ready gold, nickel-cobalt and base metal exploration targets at\nvarious stages of exploration. More detailed information is available\non the website at\n \n \n \n www.noblemineralexploration.com\n \n \n \n \n \n .\n \n \n \n \n Noble’s common shares trade on the TSX Venture\nExchange under the symbol ȁ...