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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Noble Metal Group (delisted) | TSXV:NMG | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.005 | 0.005 | 0.01 | 0 | 01:00:00 |
Noble Hydrocarbons Alta Ltd. ("NHA")
Noble Hydrocarbons Alta Ltd. plans to raise up to CDN$5,000,000 through the issuance of a total of 100 NHA Class 1 Preferred Shares Series A at a price of CDN$50,000.00 per share. The Company is pleased to announce the first tranche of financing in the amount of CDN$1,050,000 by the issue of 21 preferred shares in NHA has been completed.
The funds raised are to pay for the acquisition and exploration costs of NHA's hydrocarbon exploration permitted lands as well as the acquisition of technology licences from Global Resource Holdings LLP and its affiliates and the development of inaugural cracking hycraft plants.
The Class1 Series A Preferred Shareholders have the right to share pro rata in the profit generated by NHA on a declining percentage basis with the amount of the dividend ranging from 30% of the net income of NHA where that income is less than $5,000,000; plus 15% of the net income between $5,000,000 and $15,000,000; plus 7.5% of the net income between $15,000,000 and $50,000,000; plus 3% of the net income between $50,000,000 and $100,000,000; and 1.5% for any net income over $100,000,000. Investors must be either "accredited investors" within the meaning of the appropriate legislation for Canadian or US investors or fall within one of the appropriate exemptions in order to be able to subscribe for the preferred shares.
ON BEHALF OF THE BOARD OF DIRECTORS
NOBLE HYDROCARBONS ALTA LTD.
JJ McIntyre, President
Anyone wishing to be added to the email recipients list for our News Release may forward an email request to nobleinc@telus.net.
Except for statements of historical fact relating to the Company, this news release contains certain "forward-looking information" within the meaning of applicable securities law. "Forward-looking information" is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", and other similar words, or statements that certain events "may", "will", or "could" occur. There are uncertainties inherent in forward-looking information including factors beyond the company's control, and no assurance can be given that the programs will be completed on time, on budget or at all. The reader is cautioned not to place undue reliance on forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
Contacts: Noble Metal Group Incorporated JJ McIntyre President (604) 683-9338 (604) 683-9293 (FAX) Email: nobleinc@telus.net
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