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HOUSTON, TEXAS--(Marketwire - March 26, 2013) - Noble Iron Inc. ("Noble Iron" or the "Company") (TSX VENTURE:NIR) Following last week's announcement of Noble Iron's receipt of $15MM additional debt financing, the Company today announced a non-brokered private placement (the "Private Placement") offering of up to $5.0MM CDN, for 3,846,154 common shares of the Company at a price of $1.30 per share. Noble Iron intends to use the proceeds for growth initiatives at its Southern California and Houston CELLs (Centralized Equipment Logistics Location T), and for general working capital purposes. |
