Noble Mineral Exploration Inc. (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) has closed its previously announced non-brokered private placement, raising gross proceeds of approximately $1,027,997.94 through the issuance of 17,133,299 flow-through common share units priced at $0.06 per unit. Each unit consists of one flow-through common share and one-half non-flow-through common share purchase warrant, with each full warrant exercisable at $0.10 per share for two years. In connection with the placement, the company paid aggregate cash commissions of approximately $43,050 and issued 647,497 broker warrants exercisable at $0.06 per share for two years.
All securities issued in the private placement are subject to a four-month hold period. The closing follows conditional approval from the TSX Venture Exchange and remains subject to final approval. Proceeds will be used to fund exploration expenditures on the company's properties in Ontario.
Additionally, Noble has extended the term of 7,933,333 common share purchase warrants originally issued in private placements in 2022 and 2023. The extended warrants now expire in November 2027 and December 2027, as detailed in the company's news release of November 6, 2025. The extension has received final approval from the TSX Venture Exchange. Noble will notify warrant holders but will not issue replacement certificates unless requested; original certificates must be presented to exercise the warrants.
Noble Mineral Exploration Inc. is a Canadian junior exploration company with holdings in several other companies and extensive mineral rights in Ontario and Quebec. The company's common shares trade on the TSX Venture Exchange under the symbol "NOB".
