Noram Announces Shareholder Loan
TSX-V: NRM
Frankfurt: N7R
OTCBB: NRVTF
News Release
NORAM ANNOUNCES SHAREHOLDER LOAN
Vancouver, British Columbia – October 11th, 2017 – Noram Ventures Inc . (TSX-Venture: NRM / Frankfurt:
N7R / OTCBB: NRVTF) (“Noram” or the “Company”) announces that subject to TSX Venture Exchange
approval, it has agreed to borrow up to $200,000 from three directors and one shareholder.
The Principal will bear interest at a rate of 12.5 % per annum calculated half -yearly and not in advance from the date
of this Agreement until the date that the Principal, accrued interest and Bonus referred to below are satisfied by
payment in cash on the Repayment Date (as such term is defined below).
In recognition of the fact that the Lende r is lending the Principal to NRM when NRM has no current ability to repay
the Principal or the accrued interest, and NRM has no valuable security to offer to the Lender, NRM shall also pay a
bonus to the Lenders of 12.5% of the principal in cash.
The Principal plus all interest accrued thereon will be due and payable in full to the Lender on August 24th, 2018 (the
“Repayment Date”). The Bonus will also be due on the Repayment Date.
NRM may repay all or part of the loan at any time and from time to time without bonus, penalty or premium, and any
such payment shall be applied to reduce the Principal and interest owing in respect thereof as follows (i) first, against
all accrued and unpaid interest, if any, outstanding hereunder, and (ii) thereafter, against the Principal.
The loan proceeds will be used to pay incurred and ongoing BLM sustaining fees, and exploration expenses for the
Company.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) is a Canadian based junior exploration company, with a goal of
becoming a force in the Green Energy Revolution through the development of lithium and graphite deposits and
becoming a low -cost supplier for the burgeoning lithium battery industry. The Comp any’s primary business focus
since formation has been the exploration of mineral projects that include lithium projects in the Clayton Valley in
Nevada, and the Arizaro East mineral claim located in the eastern portion of the Salar de Arizaro in north - western
Argentina and the Jumbo graphite property in British Columbia. Noram’s long term strategy is to build a multi -
national lithium - graphite dominant industrial minerals company to produce and sell lithium and graphite 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/ “Mark Ireton”
President & Director
Direct: (604) 761-9994
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 expectations 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 r esults to differ materially
from those expressed or implied by such forward lookin g 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 materiall y from those expressed in the
forward-looking information. Actual results and future events could differ materially from anticipated in such information. These a nd 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.
Noram Ventures Inc.
Suite 430 – 580 Hornby Street, Vancouver, BC Canada V6C 3B9
Tel.: 778.775.1528 | Website: www.noramventures.com | email: [email protected]
Neither the TSX Venture Exchange nor its Re gulation 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.