(TheNewswire)
Noble Mineral Exploration Inc. ( “Noble” or the “Company” ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC: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...
Read Full Story: https://investingnews.com/news/cobalt-investing/noble-acquires-additional-shares-of-spruce-ridge-provides-early-warning-report-disclosure/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.