Noble has entered into a binding agreement to acquire the North Bradshaw property in Northern Ontario. The transaction remains subject to customary closing conditions, including approval from the board of directors and the TSX Venture Exchange.

The purchase price for the acquisition totals $73,000 in cash, payable in annual instalments over three years, plus the issuance of 600,000 common shares. The vendors will retain a 1.5% net smelter returns royalty on the property, with Noble holding an option to buy back one-third of this royalty for $500,000.

The North Bradshaw property is located within the Abitibi Greenstone Belt.

“We are pleased to be proceeding with the purchase of prospective mining claims in Ontario. Noble believes these projects offer significant potential for new discoveries and continued exploration success.”

— H. Vance White, President

Read the full announcement: Noble Acquires North Bradshaw Property in Northern Ontario and Provides Final Information on Arrangement