Noble Announces Issuance of Shares under Debt Agreement with Directors, Management and Service Providers
Toronto, Ontario / TNW-ACCESSWIRE / July 10, 2014 / Noble Mineral Exploration Inc. (the "Company", "Noble" or "NOB") (TSX-V: NOB, FRANKFURT:NB7, OTC.PK:NLPXF) announces that, having received the approval of the TSX Venture Exchange (the "Exchange"), it has completed the shares for debt settlement outlined in its press release of June 17, 2014 (the "Shares for Debt Settlement").
As a result, a total of 5,513,008 common shares were issued to eight service providers, three members of senior management and four non-management directors, settling a total debt of $275,650.42 at a price of $0.05 per share.
Consistent with the policies of the Exchange, at the Company's annual and special meetings of shareholders on February 28, 2013 and March 26, 2014, the Company sought and received disinterested shareholder approval for the participation of certain of the Company's officers as creditors in the shares for debt settlement.
Hold Period
The common shares issued to the Company's directors and officers and to four service providers are subject to a hold period pursuant to the policies of the Exchange. The hold period will expire on November 3, 2014, except for the common shares issued to one director and one consultant for which the hold period will expire on November 10, 2014.
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
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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