TORONTO, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Nobel Resources Corp. ((TSX–V: NBLC, OTCQB:NBTRF) (the "Company" or "Nobel") announces it has entered into an engagement letter with iA Capital Markets ("iA") whereby iA will act as lead agent and bookrunner on behalf of a syndicate of agents (collectively, the "Agents") pursuant to which the Agents will, on a "best-efforts" agency basis, offer a minimum of 30,000,000 units up to a maximum of 50,000,000 units of the Company (each a "Unit"), at a price per Unit of $0.05, for aggregate gross proceeds of a minimum of $1,500,000 up to a maximum of $2,500,000 (the "LIFE Offering").
Each Unit shall consist 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 shall entitle the holder to purchase one Share at a price of $0.06 for a period of 24 months following the Closing Date. The Warrants will not be exercisable until 70 days after the Closing Date.
The Company has agreed to pay to the Agents a cash commission equal to 7% of the gross proceeds of the LIFE Offering. The Company has also agreed to issue to the Agents that number of broker warrants ("Broker Warrants") equal to 7.0% of the aggregate number of Units issued by the Company under the LIFE Offering. Each Broker Warrant is exercisable to acquire one Share at a price equal to the Offering Price for a period of 24 months from the closing date of the Offering.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions ("NI 45-106"), the LIFE Offering will be offered for sale to purchasers resident in all of the provinces of Canada with the exception of Québec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935, Exemptions from ...
