Noram Closes $2,300,079.72 Private Placement
TSX.V: NRM
Frankfurt: N7R
OTCQB: NRVTF
FOR IMMEDIATE RELEASE
NORAM CLOSES $2,300,079.72 PRIVATE PLACEMENT
Vancouver, British Columbia – March 1, 2021 – Noram Ventures Inc. (“Noram” or the “Company”) (TSX
Venture: NRM / Frankfurt: N7R / OTCQB: NRVTF) is pleased to announce that the TSX Venture Exchange
has accepted for filing a non-brokered private placement for gross proceeds of $2,300,079.72 by issuing
3,709,806 units at a price of $0. 62 per unit. Each unit consists of one common share and one
transferrable share purchase warrant exercisable at $0.94 for two (2) years from the date of issuance
(expiry date of March 1, 2023). All shares and warrants issued pursuant to this financing will be subject
to a statutory hold period of 4 months plus a day from the date of closing.
Finder’s Fees of 6% cash will be payable to Leede Jones Gable ($119,999.98) and Haywood Securities Inc.
($15,772.80).
Insiders of the Company subscribed for $114,080.00 and are utilizing MI 61-101 Exemption from Formal
Valuation Requirement 5.5 (a) Fair Market Value Not More Than 25% of Market Capitalization and
Exemption from Minority Approval Requirement 5.7 (1) (a) Fair Market Value Not More Than 25 Per Cent
of Market Capitalization and (b) Fair Market Value Not More Than $2,500,000 for their participation.
Proceeds from the placement will be used for general working capital and further exploration and
development activities.
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 Ven ture Exchange) accepts responsibility for
the adequacy or accuracy of this release. This news release may contain forward -looking i nformation which is not comprised of historical facts. Forward -looking
information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects a nd 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 mat erially from such forward -looking information include,
but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the for ward-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.