NLPXF - Noble Grants Options and RSUs
(TheNewswire)
Toronto, Ontario – TheNewswire - August 3, 2023 – Noble MineralExploration Inc. ( “Noble” orthe “Company” ) (TSXV:NOB ) , ( FRANKFURT:NB7 ) , ( OTC:NLPXF) announces that effective as of August 2, 2023 (the“ Date of Grant ”), the Company’s Board approved the grant of a total of2,325,000 stock options (the “ Options ”) and 1,990,000 restricted shareunits (“ RSUs ”) to officers, directors, and certain consultants of theCompany. The Options were granted for services rendered in previousfinancial years and to date in the current financial year. 75,000 ofthe Options were granted to a party who provides investor relationsservices to the Company, and therefore vest in tranches of 25% everythree months. The balance of the Options vest immediately. The RSUs,which vest one year after the Date of Grant, were granted for servicesto be rendered over the next year. The Options and RSUs were grantedpursuant to the Amended and Restated 2022 Equity Incentive Planapproved at the Company’s shareholder meeting on February 22,2023.
The Options have an exercise price of $0.10 per commonshare of Noble and are exercisable for three years from the Date ofGrant. Out of the total number of Options and RSUs granted,1,200,000 Options and 1,100,000 RSUs were granted to directors andofficers of the Company. Upon being fully vested, the RSUs may besettled in the corresponding number of common shares of the Company,in the cash equivalent of those shares, or in a combination of sharesand cash.
The grant of Options and RSUs is subject to compliancewith TSX Venture Exchange requirements. Following the grant of Optionsand RSUs, the Company has a total of 3,500,000 stock optionsoutstanding and 1,990,000 RSUs outstanding.
About Noble Mineral ExplorationInc.
Noble Mineral Exploration Inc. is a Canadian-basedjunior exploration company which, in addition to its shareholdings inCanada Nickel Company Inc., Spruce Ridge Resources Ltd., Go MetalsCorp. and MacDonald Mines Exploration Ltd., and its interest in theHoldsworth gold exploration property in the area of Wawa, Ontario,will continue to hold ~25,000 hectares of mineral rights in theTimmins-Cochrane areas of Northern Ontario known as Project 81, aswell as an additional ~11,000 hectares in the Timmins area and ~14,400hectares of mining claims in Central Newfoundland. Project 81 hostsdiversified drill-ready gold, nickel-cobalt and base metal explorationtargets at various stages of exploration. It will also hold its~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600hectares in the Boulder Project both near Hearst, Ontario, as well asits ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property,its ~3,700 hectares in the Buckingham Graphite Property, its ~10,152hectares in the Havre St Pierre Nickel, Copper, PGM property, its~518 hectares in the Laverlochere Nickel, Copper, PGM property, all ofwhich are in the Province of Quebec. More detailed information isavailable on the website at: https://www.noblemineralexploration.com
Noble’s common shares trade onthe TSX Venture Exchange under the symbol “NOB.”
Cautionary Statement
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. No stock exchange, securities commission or otherregulatory authority has approved or disapproved the informationcontained herein.
The foregoing information may contain forward-lookingstatements relating to the future performance of Noble MineralExploration Inc. Forward-looking statements, specifically thoseconcerning future performance, are subject tocertain risks and uncertainties, and actual results may differmaterially from the Company’s plans and expectations. These plans,expectations, risks and uncertainties are detailed herein and fromtime to time in the filings made by the Company with the TSX VentureExchange and securities regulators. Noble Mineral Exploration Inc.does not assume any obligation to update or revise its forward-lookingstatements, whether as a result of new information, future events orotherwise.
Contacts
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations: ir@noblemineralexploration.com
Copyright (c) 2023 TheNewswire - All rights reserved.