Vancouver, British Columbia - January 11, 2019 - Noram Ventures Inc. (“Noram”) (TSX - Venture: NRM / Frankfurt: N7R / OTCPINK: NRVTF is pleased to announce that the Company has vacated the preliminary injunction hearing scheduled to be held on January 11, 2019 after successfully ending the litigation with Centrestone Resources LLC (“Centrestone”).
Earlier this week, Mr. Ireton, (President and CEO), Mr. Brown (Director) and Ms. Algie (CFO) as well as the Company’s QP and landmen travelled to Nevada in preparation to attend the Preliminary Injunction hearing scheduled for January 11, 2019. The hearing was to be held in Goldfield, Nevada and would provide Noram with the opportunity to present the facts of the overstaking with the intention of seeking injunctive relief, as further detailed in the Company’s news release dated October 19, 2018.
Over the course of a number of days, the parties to the litigation came to a final settlement agreement on January 10, 2019. In reaching this agreement, Noram agreed to vacate the injunction hearing based on Centrestone’s complete withdrawal from the Zeus Property and the dismissal of the countersuit against Noram amongst other commitments. A complete summary of the settlement agreement will be provided to the Shareholders in short order.
“The Company could not be more pleased with the outcome of this issue. Noram was confident that the Company would prevail and can now move forward with the aggressive development of the inferred resource on the Zeus Property” stated Mr. Ireton.
About Noram Ventures Inc.
Noram Ventures Inc. (TSX - Venture: NRM / Frankfurt: N7R / OTCPINK: NRVTF) is a Canadian based junior exploration company, with a goal of developing lithium deposits and becoming a low - cost supplier. 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.
Please visit our web site for further information: www.noramventures.com
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “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.