IBK Capital Corp. announced that they acquired ownership of over 240,000 common shares of Noble Mineral Exploration Inc. The company issued bonus shares as part of a secured loan financing that closed on July 11, 2013.
Prior to the closing of the deal, IBK did not own or control any shares in Noble, however IBK previously owned 4,851,827 broker warrants in Noble. The warrants were converted into shares in Noble. Upon closing of the deal, IBK owned 240,000 worth of shares and 4,851,827 broker warrants. The shares and warrants gained by IBK represented 3.18% of previously issued and outstanding shares of Noble.
Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which holds an estimated 80,000 hectares of property in Northern Ontario. The company holds portfolios for additional diversified exploration projects in Wawa and in the West Timmins areas of Northern Ontario and areas in Northern Saskatchewan.
Founded in 1989 by a group of experienced investment bankers, IBK Capital is an independent and privately owned investment banking firm that offers a full range of financial advisory services.
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