Noram Ventures Announces $400,000 Private Placement

  Noram Ventures Inc. (TSXV:NRM) intends to carry out  a non-brokered private placement for gross proceeds of up to $400,000, at a price of $0.20 per unit.

As quoted in the press release:

The Private Placement will consist of up to 1,000,000 flow-through units of the Company (each, a “Flow-Through Unit”) and up to 1,000,000 regular units (each, a “Unit”) at a price of $0.20 per Flow-Through Unit and $0.20 per Unit. Each Flow-Through Unit will consist of one common share in the capital of the Company (each a “Share”) issued on a flow-through basis, and one common share purchase warrant (each, a “Warrant”). Each Unit will consist of one Share and one Warrant. Each Warrant will entitle the holder to purchase one additional Share (a “Warrant Share”) at a price of $0.25 per Warrant Share for a period of 24 months following the closing date.

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