Noble acquires additional shares of Spruce Ridge & provides Early Warning Report disclosure
04 August 2021 - 2:20PM
InvestorsHub NewsWire
Noble
acquires additional shares of Spruce Ridge & provides Early
Warning Report disclosure
Toronto,
Ontario - August 4,
2021 --
InvestorsHub NewsWire -- Noble Mineral Exploration Inc.
("Noble"
or the "Company") (TSX-V:NOB, FRANKFURT: NB7, OTCQB.PK:NLPXF) announces that it has acquired
10 million common shares of Spruce Ridge Resources Ltd.
("Spruce")
through the exercise of warrants at $0.05 per share (the
"Transaction"),
paying a total of $500,000 for the shares. The Transaction was
effective on
August 3, 2021, bringing Noble's holdings of Spruce common shares to
18 million
(all held
directly). Prior to the Transaction, Noble
held 8 million common shares of
Spruce
(which
management of Noble estimates corresponded to approximately 4.8%
of Spruce's outstanding
shares), and
after the
Transaction Noble holds 18,000,000 common shares of
Spruce
(corresponding to approximately
10.1% of Spruce's outstanding shares).
The additional information
regarding the Transaction required to be disclosed under section
3.1 of National Instrument 62-103 is included in an Early Warning
Report being filed by Noble on SEDAR. A copy of that report
can be obtained by contacting H. Vance White, President & CEO
of Noble, at 416-214-2250.
About Noble
Mineral Exploration Inc.:
Noble Mineral
Exploration Inc. is a Canadian-based junior exploration company
which, in addition to its shareholdings in Canada Nickel Company
Inc., Spruce Ridge Resources Ltd. and MacDonald Mines Exploration
Ltd., and its interest in the Holdsworth gold exploration property
in the area of Wawa, Ontario, holds approximately 72,000 hectares
of mineral rights in the Timmins-Cochrane areas of Northern Ontario
known as Project 81. Project 81 hosts diversified drill-ready gold,
nickel-cobalt and base metal exploration targets at various stages
of exploration. More detailed information is available on the
website at
www.noblemineralexploration.com .
Noble's common
shares trade on the TSX Venture Exchange under the symbol
"NOB."
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
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