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Noble Plains Uranium Corp
Symbol NOBL
Shares Issued 55,359,747
Close 2025-09-17 C$ 0.105
Market Cap C$ 5,812,773
Recent Sedar Documents

Noble Plains arranges $900,000 private placement

2025-09-17 17:41 ET - News Release

Mr. Paul Cowley reports

NOBLE PLAINS ANNOUNCES UP TO $900,000 PRIVATE PLACEMENT FINANCING

Noble Plains Uranium Corp. has arranged a non-brokered private placement of up to 10 million units at a price of nine cents per unit for gross proceeds of up to $900,000. Each unit will comprise one common share of the company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional share at a price of 15 cents per share for a period of two years from the date of issuance.

The company expects to use the proceeds of the offering to carry out exploration work on the company's Duck Creek and Shirley Central uranium projects located in the prolific Powder River basin and past-producing Shirley basin of Wyoming, as well as for general working capital purposes.

The company may pay finders' fees consisting of cash in the amount of up to 7 per cent of the gross proceeds raised in the offering and non-transferable share purchase warrants in an amount up to 7 per cent of the number of units sold under the offering. Each finder's warrant will entitle the holder to acquire one share at a price of 15 cents per share for a period of two years from the date of issuance, having the same terms as the warrants issued under the offering.

The offering is subject to TSX Venture Exchange approval. All securities to be distributed under the offering will be subject to a statutory hold period of four months and one day from the closing date of the offering in accordance with applicable securities laws.

Certain directors and officers of the company may acquire securities under the offering. Such participation is considered to be a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company anticipates that it will rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the securities to be distributed to insiders, and the consideration to be received by the company for such securities, will not exceed 25 per cent of the company's market capitalization.

About Noble Plains Uranium Corp.

Noble Plains Uranium is a U.S.-focused uranium exploration and development company advancing a portfolio of high-potential projects amenable to in situ recovery (ISR) -- the most capital-efficient and environmentally responsible method of uranium extraction. The company's strategy targets historically drilled and underexplored assets in proven jurisdictions, with the objective of rapidly delineating National Instrument 43-101-compliant resources and building a scalable inventory of domestic uranium.

We seek Safe Harbor.

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