Noble Completes Shares for Debt Settlement
TORONTO, ON – Noble Mineral Exploration Inc. (the “Company” or “Noble”) (TSX-V:NOB, FRANKFURT:NB7, OTC.PK:NLPXF) announces that, as approved by the TSX Venture Exchange, it has completed share issuances under a previously announced shares-for-debt agreements (the “Agreements”) with a number of creditors (the “Creditors”). As disclosed by news releases issued on May 16, 2013 and June 14, 2013, Noble issued 1,741,628 common shares to nine Creditors to settle total indebtedness of $87,081.44. Included among the Creditors were five parties who are not at arm’s length to Noble, the Company having issued 66,862 common shares to settle aggregate indebtedness of $3,43.12 to those non-arm’s length Creditors. Shares issued to the Creditors will be subject to a four month hold period expiring on October 21, 2013.
The Company also issued a total of 25,000 shares to two First Nations with whom it previously signed a Memorandum of Agreement (“MOA”) with respect to its exploration activities on portions of Noble’s Project 81. This is the final instalment of share issuances due to these First Nations under the MOA.
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based junior exploration company holding in excess of 72,000 hectares of property in the Timmins, Iroquois Falls and Smooth Rock Falls 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.
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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.
