Noble Announces Shareholder Approval of Transfer of 50% Carbon Royalty and Block B of Project 81
23 Junio 2014 - 2:54PM
Access Wire
Toronto, ON / ACCESSWIRE / June 23, 2014 /
Noble Mineral Exploration Inc. (the
"Company", "Noble" or "NOB") (TSX-V:NOB, FRANKFURT:NB7, OTC.PK:NLPXF)
announces that at a special meeting of shareholders held on
June 20, 2014, the shareholders of the Company approved the
proposed transfer of the Company's carbon royalty over Block A of
Project 81, as well as of the surface and mineral rights of Block B
of Project 81.
For
further details regarding this proposed asset transfer, which will
be completed to repay secured debt owed by the Company,
shareholders should review the management information circular
dated May 23, 2014 that was prepared and sent to shareholders prior
to the June 20, 2014 special meeting of shareholders. A copy of the
management information circular can be retrieved under the
Company's profile at www.sedar.com.
At the shareholder
meeting, the proposed transfer of Noble's 50% carbon royalty and of
the surface and mineral rights of Block B of Project 81 was
approved 99.94% of disinterested shareholders who voted. All shares
held by Kreative Ventures Limited and by that company's principals,
William F. White and Gale R. White were excluded from the
shareholder vote. The proposed asset transfers will result in the
repayment of all secured debt owed by the Company to Kreative
Ventures Limited. Noble will retain the right to re-acquire either
or both of the assets at the transfer price plus a 1% per month
administration fee.
Having now obtained
disinterested shareholder approval, the Company will proceed to
complete the closing of these asset transfers as soon as possible.
The proposed asset transfers have been conditionally approved by
the TSX Venture Exchange, and the Company will apply for final
acceptance of the transaction from the TSX Venture Exchange prior
to closing.
About Noble
Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a
Canadian based junior exploration company holding in excess of
72,000 hectares of mineral rights in the Timmins - Cochrane 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.
Noble Mineral Exploration (TSXV:NOB)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Noble Mineral Exploration (TSXV:NOB)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024