Caelan Reports ON Successful Investment IN Noram: Noram Initiates Chemical Engineering Studies with Ghent University FOR Lithium Processing
CAELAN CAPITAL INC.
FOR IMMEDIATE RELEASE
CAELAN REPORTS ON SUCCESSFUL INVESTMENT IN NORAM:
NORAM UPGRADES US LISTING TO OTCQB AND PERMITS FOR FALL DRILL PROGRAM
Vancouver, British Columbia – September 22, 2020 – Caelan Capital Inc. (“Caelan” or the “Company”)
(CSE: CDN; AXVEF:US; Frankfurt: A117RU) is updaing shareholder’s on its 5.67% interest in Noram Ventures
Inc. (“Noram”) and is pleased to report that the Company successfully graduted its US Listing from the OTC
Pink Sheets to the OTCQB. Effective as of market open on September 17, 2020, Noram trades as an OTCQB
isuer under the symbol “NRVTF”. The OTCQB® Venture Market offers i nvestors transparent trading in
entrepreneurial and development stage U.S. and international companies that may not yet quality for
OTCQX.
Company Benefits on OTCQB
• Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive
stock fraud schemes and promotion
• Improved investor confidence through verified information, confirming that the Company Profile
displayed on www.otcmarkets.com is current and complete
• Annual management certification process to verify officers, directors, controlling shareholders, and
shares outstanding
• Greater information availability for investors through the OTC Disclosure & News Service
• Transparent prices for investors through full-depth of book with Real Time Level 2 quotes
Companies use the OTC Disclosure & News to post disclosure and company news for investors. Annual and
interim reports, news releases, material events, investor videos, and presentations appear on
www.otcmarkets.com and the company quote page. Companies can also elect to have this information feed
directly to PR Newswire’s expansive network, including local, national and Reg. FD-compliant news portals.
OTC Disclosure & News also distributes fundamental data in XBRL format through EDGAR Online to
investment databases and financial sites such as Yahoo! Finance.
Additionally, Noram has filed permits for the Fall drill campaign at Zeus. The Company anticipates final
approval from the Bureau of Land Management (BLM) in short order. Noram intends to complete an
additional 12 holes and has currently applied for 7 of these additional holes, which will keep the amount of
disturbed acreage under 5 acres to allow the project to proceed at the Notice of Intent level of permitting,
rather than as a Plan of Operations which is a more lengthy approval process. As reclamation is completed
and drilling has commence d, the Company will permit for the remaining 5 holes. This program is fully
funded.
CSE: CDN
OTC: AXVEF
Frankfurt: A117RU
Figure 1. Zeus property map showing: a) location of current Indicated and Inferred resources at >900
ppm Li cut-off; b) West-East cross-section shown in figure 2; and c) location of proposed drill holes for Fall
2020 campaign.
Figure 2. West-East cross-section across known mineralization within Esmeralda Formation lithium
claystones, catagorized by grade. Note that the terrain rises to the East, and the grade and thickness are
highest in this direction.
About Caelan Capital Inc.
Caelan Capital Inc. is a Vancouver-based junior resource company with projects in North America. Caelan is focused on the development of the
following mineral properties:
The Ranger Lake Gold Project consists of 1,107 hectares of prospective gold exploration in southern Quebec, Canada.
The Rainbow Canyon Gold Property consists of 417 hectares of prospective gold exploration in the Olinghouse mining district, in the
Washoe County Nevada.
ON BEHALF OF THE BOARD OF DIRECTORS
“Sandy MacDougall”
Chairman & Director
Phone: (604) 662-7902
This news release contains projections and forward - looking information that involve various risks and uncertainties regarding future events. Such forward - looking
information can include without limitation statements based on current expectati ons involving a number of risks and uncertainties and are not guarantees of future
performance of the Company. The following are important factors that could cause the Company’s actual results to differ mater ially from those expressed or implied by
such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause
actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could
differ materially from anticipated in such information. These and all subsequent written and oral forward - looking information are based on estimates and opinions of
management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking
information should circumstance or management’s estimates or opinions change.
Neither the Canadian Securities E xchange (“CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibil ity for the
adequacy or accuracy of this release.