NLPXF - Noble Grants Compensation Units
(TheNewswire)
Toronto, Ontario - TheNewswire - January 29, 2021 - Noble MineralExploration Inc. (the " Company ") (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) announces that its Board ofDirectors has approved the grant of 1,850,000 compensation units toofficers, directors and consultants of the Company. 1,650,000 ofthose units were issued to directors and officers of the Company. The units were issued under the Company’s Supplemental EquityIncentive Plan, and as they were issued in recognition of service tothe Company for the past 2 years as well as to acknowledge thepositive impact of significant transactions completed in the 2019-2020financial year, the units were all granted as fully vested at the timeof grant. The units have been attributed a value of $0.10 per unit,being the closing price of the Company’s shares on January 28, 2021on the TSX Venture Exchange. Being fully vested, the units may besettled in the corresponding number of common shares of the Company,in the cash equivalent (at $0.10 per share) or in a combination ofshares and cash. The units are subject to compliance with TSXVenture Exchange policies.
About Noble Mineral ExplorationInc.:
Noble Mineral Exploration Inc. is a Canadian basedjunior exploration company which, apart from its shareholdings inMacDonald Mines Exploration Ltd. and its interest in the Holdsworthgold exploration property in the area of Wawa, Ontario, holds inexcess of 70 ,641 hectaresof mineral rights in theTimmins - Cochrane areas of Northern Ontario known as Project 81.Project 81 hosts diversified drill ready gold and base metalexploration targets at various stages of exploration. More detailedinformation is available on the website at www.noblemineralexploration.com.
Cautionary Statement:
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release. No stock exchange,securities commission or other regulatory authority has approved ordisapproved the information contained herein. The foregoinginformation may contain forward-looking statements relating to thefuture performance of Noble Mineral Exploration Inc. Forward-lookingstatements, specifically those concerning future performance, aresubject to certain risks and uncertainties, and actual results maydiffer materially from the Company’s plans and expectations. Theseplans, expectations, risks and uncertainties are detailed herein andfrom time to time in the filings made by the Company with the TSXVenture Exchange and securities regulators. Noble Mineral ExplorationInc. does not assume any obligation to update or revise itsforward-looking statements, whether as a result of new information,future events or otherwise.
Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations
Email: ir@noblemineralexploration.com
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