Noram Annual General Meeting Results and Announces New Litigation
TSX.V: NRM Frankfurt: N7R OTCQB: NRVTF
FOR IMMEDIATE RELEASE
NORAM ANNUAL GENERAL MEETING RESULTS AND ANNOUNCES NEW LITIGATION
Vancouver, British Columbia – July 7, 2021 – Noram Ventures Inc. (“Noram” or the “Company”) (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) held its Annual General and Special Meeting (“AGSM”) at 11:00am Pacific Standard Time on Monday, July 5, 2021. At the Company’s Meeting, shareholders representing 12.34% of the Company’s outstanding shares, re-appointed Anita Algie, Arthur Brown, Cyrus Driver, Sandy MacDougall, and Adam Falkoff to the Board of Directors. Shareholders re-approved the 10per-cent rolling stock option plan, re-appointed DMCL Chartered Accountants as auditor of the Company for the ensuing year and authorized the directors to fix the remuneration to be paid to the auditor. In addition, shareholders also approved a resolution approving a proposed name change at the discretion of the Board of Directors. The Company will be changing its name to “Noram Lithium Corp.”, effective upon approval of the TSX Venture Exchange.
The Company is also announcing that on June 14, 2021, C.T. Barrie and Associates, Inc. commenced an action against the Company for alleged unpaid fees. The Company denies all liability and will be defending the action.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCQB: 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 is the Zeus Lithium Project (“Zeus”) in Clayton Valley, Nevada. The Zeus Project has a current resource estimate of 124 million tonnes at 1136 ppm lithium as Indicated Resources, and 77 million tonnes lithium at 1045 ppm lithium as Inferred Resources (900 ppm Li cut-off: 1.18 million tonnes lithium carbonate equivalent – “LCE”.
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”
Director and CFO Office: (604) 553-2279
Neither the 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. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.