TORONTO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Nobel Resources Corp. ((TSX–V: NBLC, OTCQB:NBTRF) (the "Company" or "Nobel") announces it has closed the second and final tranche of its previously announced private placement of units (the "LIFE Offering") pursuant to which the Company has issued 4,250,000 units (the "Units") at a price of $0.05 per Unit for aggregate gross proceeds of $212,500 (the "LIFE Second Tranche"). The LIFE Offering has closed on a fully-subscribed basis and, in aggregate, the Company has issued thereunder 50,000,000 Units for gross proceeds of $2,500,000.
Each Unit consists of one common share of the Company (each, a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Share at a price of $0.06 for a period of 24 months from the date hereof. The Warrants will not be exercisable until 70 days after today's date.
The LIFE Offering was led by iA Private Wealth Inc. ("iA") whereby iA acted as lead agent and bookrunner on behalf of a syndicate of agents comprised of Velocity Trade Capital Ltd. and Haywood Securities Inc. In connection with the LIFE Offering, the Agents received an aggregate cash fee equal to $14,875. In addition, the Company issued to the Agents 297,500 non-transferable broker warrants (the "Broker Warrants"). Each Broker Warrant is exercisable to acquire one Share at an exercise price equal to $0.05 for a period of 24 months from today's date.
