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Noram Ventures Revises Terms of Non-Brokered Private Placement
Noram Ventures Revises Terms of Non-Brokered Private Placement Vancouver, British Columbia ...
About this update from Noram Lithium Corp
[{"type":"text","content":"Noram Ventures Revises Terms of Non-Brokered Private PlacementNoram Ventures Revises Terms of Non-Brokered Private Placement\n\nVancouver, 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.\n \nThe 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. \n\nAll 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.\n\nAbout Noram Ventures Inc.:\n\nNoram 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.\n \nFor corporate, media, or investor communications contact:\nGreg Lytle, Direct: (604) 839-6946, Email: [email protected]\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n/s/ \"David W. Rees\"\n\nPresident & Director\n\nNEITHER 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 A...