The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length purchase agreement between Noble Mineral Exploration Inc., and arm's-length vendors Gravel Ridge Resources Ltd. and 1544230 Ontario Inc. Pursuant to the agreement, the company will acquire a 100-per-cent interest in the North Bradshaw property in north Timmins, Ont.
As consideration for the acquisition, the company will issue 300,000 common shares to each vendor and make cash payments over a period of three years for an aggregate amount of $73,000.
The property is subject to a 1.5-per-cent net smelter return (NSR) royalty in the favour of the vendors. The company has the right to buy back one-third (a 0.5-per-cent royalty) of the NSR royalty for a payment of $500,000 to the vendors.
Consideration: $73,000 and 600,000 common shares
For further details, please refer to the company's news release dated Aug. 4, 2026.
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