Noram Ventures Inc.: Closes Non-Brokered Financing
03.11.2015 | FSCwire
Vancouver (FSCwire) - Noram Ventures Inc. (TSX-V: NRM) ("Noram" or the "Company") is pleased to report that the previously announced non-brokered private placement financing (the “Offering”) has been closed to raise gross proceeds of $215,500 through the sale of 21,550,000 units (the “Units”).The Units were priced at $0.01 and consist of one common share of the Company and one non-transferable common share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to purchase one additional common share of the Company at a price of $0.05 until November 2, 2017.
No finder's fees were paid in connection with this Offering. All securities issued in connection with this Offering are subject to a four-month hold period in accordance with securities regulation, until March 7, 2016. The net proceeds from the Offering will be used to finance the Company’s exploration programs and for general working capital purposes. The Offering remains subject to final acceptance of the TSX Venture Exchange.
About Noram Ventures Inc.:
Noram Ventures Inc. (TSX-V: NRM) is a Canadian based company with a project generator business model. Although the Company’s primary business focus since formation has been the exploration of mineral properties it is now seeking new business opportunities that offer the potential for near term cash flow to create shareholder value. For further information, please visit www.noramventures.com.
Corporate Communications contact:
Greg Lytle
Direct: (604) 839-6946,
Email: info@noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “David W. Rees”
President & Director
NEITHER THE TSX VENTURE EXCHANGE, NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Copyright © 2015 Filing Services Canada Inc.