Noble Closes Earn-in Transaction with Canada Nickel

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(TheNewswire)



 

Toronto, Ontario - TheNewswire – April 14, 2021 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSXV:NOB) (FRANKFURT:NB7) (OTC:NLPXF) announced that it closed its previously announced earn-in transaction (the “Transaction”) with Canada Nickel Company Inc. (“Canada Nickel”) with respect to 39 mineral claims held by Noble in MacDiarmid and Loveland Townships, Ontario. (See Noble’s news releases of February 17, 2021 and March 8, 2021 for the terms of the Transaction and related information.)  As a result of this closing, Noble has been issued 200,000 common shares of Canada Nickel, and all previously outstanding amounts due from Noble to Canada Nickel under a promissory note issued in June of 2020 are deemed repaid.  Canada Nickel may now proceed to earn an interest in the subject properties by satisfying the conditions under the Option and Joint Venture Agreement.

About Noble Mineral Exploration Inc.:

 

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company Inc., Spruce Ridge Resources Ltd. and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, holds approximately 72,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. More detailed information is available on the website at www.noblemineralexploration.com .

 

Noble’s common shares trade on the TSX Venture Exchange under the symbol “NOB”.

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.

Contacts:

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email:        [email protected]

 

Investor Relations

Email:         [email protected]

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