Noble Mineral Exploration Inc. announced a non-brokered private placement on a best-efforts basis for issuance of up to 10,000,000 flow-through units at a price of CAD 0.075 per unit for gross proceeds of up to CAD 750,000 on November 24, 2023. Each flow-through unit will be comprised of one flow-through common share and one-half non-flow-through common share purchase warrant, each full warrant exercisable for two years for one common share at an exercise price of CAD 0.125 per common share. The company may pay compensation to a broker conducting due diligence on investors, with the compensation to be paid in cash plus broker warrants of up to 7% of the number of flow-through units, each broker warrants exercisable for two years for one common share at an exercise price of CAD 0.075 per common share.

The securities to be issued are subject to a four month hold period. The transaction is subject to completion of formal documentation and the approval of the TSX Venture Exchange, as well as any other required regulatory approvals.