Iqbal Kassam

May 06, 2013 20:20 ET

Iqbal Kassam Announces Change in His Beneficial Ownership in Noble Iron Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 6, 2013) - Iqbal Kassam announced today that he has acquired, indirectly through a company controlled by him, INKredible Holdings Inc., ownership of 1,153,840 common shares of Noble Iron Inc. ("Noble Iron") at $1.30 per share as part of a private placement by Noble Iron for an aggregate of 3,846,154 common shares for gross proceeds of $5,000,000.

As a result of the acquisition, Iqbal Kassam owns, directly or indirectly, 10,183,689 common shares of Noble Iron, representing approximately 48.1% of the issued and outstanding common shares of Noble Iron.

The common shares of Noble Iron were acquired for investment purposes. Mr. Kassam's investments will be reviewed on a continuing basis and the holdings may be increased or decreased in the future.

Contact Information

  • Iqbal Kassam
    Chairman
    Zynik Capital Corporation
    950-1040 West Georgia Street
    Vancouver, BC V6E 4H1
    (604) 654-2555