A$10.08m Share Placement
February 2012

Noble Mineral Resources

On 20 February 2012, Noble Mineral Resources announced it had raised A$10.08 million through a share placement of 21 million shares at A$0.48 per share to sophisticated and institutional investors.

In addition to the placement, Noble undertook a share purchase plan whereby existing shareholders were offered the opportunity to participate up to a maximum of $15,000 at an issue price of A$0.48 per share.

Net funds were to be used to:

fund the final commissioning of the 3Mtpa Bibiani processing plant;
develop the satellite pits in close proximity to the processing plant;
continue drilling to identify satellite resources; and
provide working capital.

Azure was appointed Lead Manager to the placement.

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