Nobel Engages Generation IACP Inc. For Market Making Services
March 22 2022 - 5:00PM
Nobel Resources Corp. (TSX – V: NBLC; OTC: NBTRF)
(the “Company” or “Nobel”) has engaged the services of Generation
IACP Inc. (“
Generation”) to provide services as a
market maker in compliance with the policies and guidelines of the
TSX Venture Exchange and other applicable legislation.
Generation will receive a fee of C$7,500 plus applicable
taxes per month. The agreement between the Company and
Generation is for an initial term of six (6) months and shall be
automatically renewed for subsequent six (6) month periods
(collectively, the “
Term”) unless the Company
provides written notice of termination to Generation at least 30
days prior to the end of the Term or Generation provides a written
notice of termination to the Company. Commencing on the first
anniversary of the agreement, the fee payable to Generation will
automatically increase annually by 3.0%. No stock options or other
compensation are being granted in connection with the
engagement. Generation does not currently own any securities
of the Company; however, Generation and its clients may acquire an
interest in the securities of the Company in the future.
Generation is an arm’s length party to the
Company. Generation’s market making activity will be
primarily to correct temporary imbalances in the supply and demand
of the Company’s shares. Generation will be responsible for the
costs it incurs in buying and selling the Company’s shares, and no
third party will be providing funds or securities for the market
making activities.
About Generation IACP
Inc.Generation is based in Toronto, Ontario, and is
an independently held and registered broker and member of the
Investment Industry Regulatory Organization of Canada, the
TSX-V, the Canadian Securities Exchange, and the NEO Exchange, and
is a Participating Organization, as such term is defined in the
rules and policies of the Toronto Stock Exchange.
About NobelNobel Resources has
the right to acquire 100% interest in the Algarrobo Iron Oxide
Copper Gold (IOCG) project and 100% of the Salvadora project,
potential IOCG style high grade copper properties in Chile. The
country is a top mining jurisdiction as it is strategically located
close to infrastructure and has world-class IOCG deposits within
the Major Candelaria belt. Chile’s mining capabilities benefit from
close to surface, high grade mineralization within the mining face
and has the necessary permitting in place.
For further information, please
contact:David GowerChief Executive
Officerdgower@nobel-resources.comwww.nobel-resources.com
Cautionary Note Regarding
Forward-looking Information
This press release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, regarding the market making services of Generation and
the Company’s future plans. Generally, forward-looking information
can be identified by the use of forward-looking terminology such as
“plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or
“does not anticipate”, or “believes”, or variations of such words
and phrases or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Nobel, as the case may be, to be materially different from those
expressed or implied by such forward-looking information, including
but not limited to: general business, economic, competitive,
geopolitical and social uncertainties; the actual results of
current exploration activities; risks associated with operation in
foreign jurisdictions; ability to successfully integrate the
purchased properties; foreign operations risks; and other risks
inherent in the mining industry. Although Nobel has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. Nobel does not undertake
to update any forward-looking information, except in accordance
with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
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