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An announcement from Nobel Resources Corp ( (TSE:NBLC) ) is now available.
Nobel Resources Corp. has increased its previously announced non-brokered private placement from up to $1 million to up to $2.5 million, driven by strong investor demand. The upsized financing will now comprise up to 50 million units at $0.05 per unit, each unit consisting of one common share and one-half of a warrant exercisable at $0.06 for 24 months; a first tranche of 6.7 million units for gross proceeds of $335,000 closed in December. Net proceeds are earmarked to fund ongoing exploration of the company’s Chilean mineral properties and for general corporate and working capital purposes, a move that should bolster its capacity to advance key projects and maintain operational momentum within the competitive junior mining sector, subject to TSX Venture Exchange approval.
More about Nobel Resources Corp
Nobel Resources Corp. is a Canadian resource company focused on identifying and developing prospective mineral projects, with a particular emphasis on exploration-stage assets in Chile. The company is led by a team with a strong track record in mineral exploration, positioning it within the junior mining and exploration segment of the resource industry.
Average Trading Volume: 195,878
Technical Sentiment Signal: Buy
Current Market Cap: C$4.2M
Find detailed analytics on NBLC stock on TipRanks’ Stock Analysis page.