Noram Closes $89,250 Financing
TSX.V: NRM
Frankfurt: N7R
OTCPINK: NRVTF
FOR IMMEDIATE RELEASE
NORAM CLOSES $89,250 FINANCING
Vancouver, British Columbia – July 24, 2020 – Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM /
Frankfurt: N7R / OTCPINK: NRVTF ) is pleased to announce that the TSX Venture Exchage has accepted
for filing the second and final tranche of a private placement for gross proceeds of $ 89,250 by issuing
1,190,000 units at a price of $0.075 per unit. Each unit consists of one common share and one transferrable
share purchase warrant exercisable at $0.10 for 5 years from the date of issuance. 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. No Finders fees were paid . An insider of the Company purchased 200,000 units for gross
proceeds of $15,000.
Proceeds from the placement will be used for general working capital and exploration expenditures.
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
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 opportuni ties 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 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 informati on, 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.