Vancouver, British Columbia (November 13, 2018) Noram Ventures Inc. (TSX-V:NRM) (“Noram” or the “Company”) held its Annual General and Special Meeting (“AGSM”) at 10:30am Pacific Standard Time on Tuesday, November 13, 2018. At the Company’s Meeting, shareholders representing 35.60% of the Company’s outstanding shares, re-appointed Mark Ireton, Arthur Brown, Cyrus Driver and Glen McDonald to the Board of Directors. Shareholders re-approved the 10-per-cent rolling stock option plan, reappointed DMCL Chartered Accountants as auditor of the Company for the ensuing year and authorized the directors to fix the remuneration to be paid to the auditor. In addition, shareholders also approved the special resolution to consider and, if deemed appropriate, to pass, with or without variation, a resolution approving the acquisition of 25% of the Clayton Valley Lithium Project held by Alba Minerals Ltd. providing Noram with a 100% interest in the Project. Subsequent to the meeting, the Board of Directors re-appointed Mr. Mark Ireton as the President and Chief Executive Officer and Ms. Anita Algie as the Chief Financial Officer of the Company.
Board of Directors
Mr. Mark Ireton was a banker by profession with over 30 years of experience in all areas of commercial mid-market lending. He is versed in both public and private transactions, reorganizations, acquisitions—both management buyouts and leveraged buyouts—and divestitures in a variety of sectors that include wholesale distribution, manufacturing, aviation, transportation, construction, excavation, post production and oil service.
Mr. Glen McDonald is a P. Geo. With the British Columbia Association of Professional Engineers and Geoscientists, as well as Alberta’s Professional Engineers Geologists and Geophysicists Association. He brings more than 45 years of experience exploring and evaluating mining properties for senior and junior Canadian resource companies. In addition, Mr. MacDonald spent seven years as a District Exploration Manager in the Yukon and Western North West Territories for Noranda Mines, designing and managing various exploration projects.
Mr. Arthur Brown brings 36 years of business experience to the Board of Directors. He has served on the boards of eight other companies in sectors ranging from technology to oil & gas and mineral exploration. Mr. Brown understands all the aspects and requirements a public company needs to operate successfully. This knowledge and experience has been translated into many successful financings for the various companies he has been involved with.
Mr. Cyrus Driver is a chartered accountant and was a founding partner in the firm of Driver Anderson since its inception in 1982 and a retired partner in the firm of Davidson and Company LLP. Whilst providing general public accounting services to a wide range of clients, he specializes in servicing TSX Venture listed companies and members of the brokerage community. His wide knowledge of the securities industry and its rules have enabled him to give valuable advice to clients with respect to finance, taxation and other accounting related matters. Cyrus currently serves as director and or chief financial officer of several TSX-V listed companies.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCBB: NRVTF) is a Canadian based junior exploration company, with a goal of becoming a force in the Green Energy Revolution through the development of lithium deposits and becoming a low - cost supplier for the burgeoning lithium battery industry. The Company’s primary business focus since formation has been the exploration of mineral projects. Noram’s long term strategy is to build a multi-national lithium minerals company to produce and sell lithium into the markets of Europe, North America and Asia.
For further information, please visit: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark R. Ireton”
President & Director
Direct: (604) 761-9994
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.