Noram Lithium Concludes Non-Brokered Financing

Noram Lithium Corp. has finalized its non-brokered private placement financing, raising $1,067,500. This funding was achieved through the issuance of 10,675,000 units, each comprising one common share and one purchase warrant. The warrants allow holders to buy additional shares at $0.15 each for 36 months.

Proceeds will support working capital, corporate overhead, and exploration activities. Company insiders participated, subscribing for $175,000, constituting a related party transaction. This involvement is exempt from formal valuation and shareholder approval requirements.

The company paid $35,550 in finder's fees and issued 355,550 finder's warrants, with conditions similar to those of the main offering. The financing awaits TSX Venture Exchange's final acceptance.