Noble Announces Extension and Re--pricing of Warrants
14 Abril 2014 - 7:29AM
Access Wire
TORONTO, ONTARIO / ACCESSWIRE / April 14, 2014, Noble Mineral
Exploration Inc. (the "Company", "Noble" or "NOB") (TSX-V:NOB,
FRANKFURT:NB7, OTC.PK:NLPXF) announces that it has received from
the TSX Venture Exchange (the "Exchange") approval for a two-year
extension to the term of issued and outstanding warrants that had
been scheduled to expire on April 13, 2014 (the "Warrants") and for
a re-pricing of the exercise price of the Warrants, which is
currently $0.20 per share. The new expiry date for the Warrants
would be April 13, 2016. The new exercise price of the Warrants
will be $0.05 per share. In addition, if for any ten consecutive
trading days, the closing price for Noble's common shares is at
least $0.065 per share, then the expiration date of the Warrants
will be accelerated so that the Warrants will expire 30 days
later.
The Warrants to purchase 17,647,058 common shares were issued as
part of a private placement that closed on April 13, 2011. Gross
proceeds of approximately $1,500,000 were raised in that private
placement. Since issuance, none of the Warrants have been exercised
and all of the Warrants are outstanding.
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:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations
Email: ir@noblemineralexploration.com
SOURCE: Noble Mineral Exploration Inc.
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