Nobel Resources Raises $2.5 Million Through Fully Subscribed Private Placement

The latest update is out from Nobel Resources Corp ( (TSE:NBLC) ).

Nobel Resources Corp. has closed the fully subscribed final tranche of its non-brokered private placement, issuing a total of 50 million units at $0.05 per unit for aggregate gross proceeds of $2.5 million. Each unit comprises one common share and one-half warrant, with full warrants exercisable at $0.06 until January 22, 2028, and all securities subject to a four‑month-plus‑one‑day hold period. The company intends to use the net proceeds to advance exploration on its Chilean mineral properties and for general corporate and working capital needs, while also paying $186,450 in cash finder’s fees and issuing 3,729,000 finder’s warrants exercisable at $0.05 for two years, with the financing remaining subject to final TSX Venture Exchange approval and complemented by a separate $250,000 private placement expected to close by the end of January.

More about Nobel Resources Corp

Nobel Resources Corp. is a Canadian resource company focused on identifying and developing prospective mineral projects, with an experienced team in mineral exploration and active exploration interests in Chile.

Average Trading Volume: 583,416

Technical Sentiment Signal: Buy

Current Market Cap: C$23.44M

See more data about NBLC stock on TipRanks’ Stock Analysis page.