Noram Ventures Inc. Closes Non-Brokered Private Placement
FOR IMMEDIATE RELEASE
NORAM VENTURES INC. CLOSES NON-BROKERED PRIVATE
PLACEMENT
Vancouver, British Columbia – October 11, 2018 – Noram Ventures Inc. (TSX-V: NRM Frank-
furt: N7R) (“Noram” or the “Company”) is pleased to announce that the TSX Venture Exchange
has accepted for filing a previously announced private placement for gross proceeds of $1,256,060.
The Company issued a total of 11,962,476 units at a price of $0.105 per unit. Each unit contains one
(1) common share and one (1) transferrable share purchase warrant. Each warrant will be exercisable
at a price of $0.14 for two (2) years from the date of issuance.
Insiders of the Company subscribed for a total of 2,905,000 units. Pro -Group members subscribed for
925,000 units.
Finder’s Fees of $30,970 cash and 294,960 warrants will be payable to PI Financial Corp., $5,712 cash
and 54,400 warrants will be payable to Foster & Associates, $420 cash and 4,000 warrants will be
payable to Leede Jones Gable, $6,132 cash and 58,400 warrants will be payable to Mackie Research
Capital Corp., $15,414 cash and 146,800 warrants will be payable to Haywood Securities Inc . These
warrants will have the same terms as the warrants aforementioned.
All shares issues in connection with the offering will be subject to a statutory hold period of four months
plus a day from the date of issuance, in accordance with applicable securities legislation.
For further information, please visit www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
“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 results 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 materially from
those expressed in the fo rward-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 TSX Venture Exchange nor its Reg ulation 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.
TSX.V: NRM
Frankfurt: N7R
OTCBB: NRVTF