Noram Announces Non-Brokered Private Placement July 10, 2020 Noram Announces Non-Brokered Private Placement
Vancouver, British Columbia – July 10, 2020 – Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM / Frankfurt: N7R / OTCPINK: NRVTF) is pleased to announce that it intends to proceed with a private placement to raise up to $270,000 by selling up to a maximum of 3,600,000 units at a price of $0.075 per unit. Each unit sold will contain one (1) common share and one (1) transferrable share purchase warrant. Each warrant will be exercisable at a price of $0.10 for a period of five (5) years from the date of issuance.
Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuamce, in accordance with applicable securities legislation.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCPINK: NRVTF) is a Canadian based junior exploration company, with a goal of developing lithium deposits and becoming a low - cost supplier. The Company’s primary business focus since formation has been the exploration of mineral projects. Noram’s long term strategy is to build a multi-national lithium minerals company to produce and sell lithium into the markets of Europe, North America and Asia.
Please visit our web site for further information: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Anita Algie”
Chief Financial Officer
Direct: (604) 553-2279