Noram Ventures Revises Terms of Non-Brokered Private Placement
12.12.2013 | FSCwire
Vancouver, British Columbia CANADA, December 12, 2013 /FSC/ - Noram Ventures Inc. (NRM - TSX Venture), ("Noram" or the "Company") announces that the regular units ("Units") being offered in the previously announced non-brokered private placement have been repriced from $0.20 to $0.15 per Unit and consist of one common share and one common share purchase warrant that entitles the holder to purchase one additional common share at a price of $0.25 for a period of 24 months following the closing date. The flow-through units ("FT Units") being offered remain priced at $0.20 per FT Unit and consist of one common share, issued on a flow-through basis, and one common share purchase warrant that entitles the holder to purchase one additional common share at a price of $0.25 for a period of 24 months following the closing date.
All warrants are subject to an early acceleration provision which provides for the mandatory exercise or expiry of the Warrants in the event Noram's shares close at $0.40 or higher for at least 10 consecutive trading days. In such event, the Warrants will accelerate and expire 30 days after the Company has given notice of the accelerated conversion to the Warrant holders.
About Noram Ventures Inc.:
Noram Ventures Inc. (TSX-V: NRM) is a Canadian based mineral exploration company with a project generator business model. The Company's strategy is to identify and acquire early-stage properties and create value through the initial drilling and discovery phase. Noram's current portfolio includes four properties in the central Kootenay region of southeast British Columbia: the Amazing Grace gold property, the Jumbo flake-graphite property, the Kokanee flake-graphite property and the Silver Hill molybdenum-galena property. For further information please visit: www.noramventures.com.
For corporate, media, or investor 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.
Noram Ventures Inc.
12835 Gilden Road,
Madeira Park, BC
Canada V0N 2H1
Tel.: 604.290.5696
Website: www.noramventures.com
email: dwrees@telus.net
To view this press release as a PDF file, click onto the following link:
http://www.usetdas.com/pr/NoramDec122013.pdf
Source: Noram Ventures Inc. (TSX-V: NRM) http://www.noramventures.com
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