- Nobel Resources (NBLC) has completed the first tranche of its brokered private placement for gross proceeds of $1,500,000
- The company issued 3,333,332 units at an issue price of $0.45 per unit
- Nobel has increased the total size of the offering to $5 million and intends to close the final tranche on or about September 23
- The net proceeds will be used for project exploration and for other general and corporate purposes
- Nobel Resources is a mineral exploration and development company
- Nobel Resources Corp. (NBLC) is down 5.66 per cent, trading at C$0.50 per share at 4:20 pm ET
Nobel Resources (NBLC) has completed the first tranche of its brokered private placement of units for gross proceeds of $1,500,000.
The company issued 3,333,332 units at an issue price of $0.45 per unit. Each unit is comprised of one common share and one-half share purchase warrant. Each whole warrant will entitle the holder to purchase one share at a price of $0.60 for 36 months following the completion of the placement.
Nobel has increased the total size of the offering to $5 million. The company intends to close the final tranche on or about September 23, 2021, for additional gross proceeds of $3.5 million.
The offering is led by Clarus Securities Inc., together with iA Private Wealth Inc. and Research Capital Corporation. The agents were paid a cash commission of $89,999.96 and 199,999 broker warrants. Each broker warrant is exercisable for one common share at an exercise price of $0.45 at any time for a period of 36 months following the closing date.
The net proceeds will be used for project exploration and for other general and corporate purposes.
Nobel Resources is a mineral exploration and development company. The company has the right to acquire 100 per cent interest in the Algarrobo Iron Oxide Copper Gold Ore (IOCG), a potential IOCG style high-grade copper property in Chile.
Nobel Resources Corp. (NBLC) is down 5.66 per cent, trading at C$0.50 per share at 4:20 pm ET.
