TSX.V : NORA | Frankfurt : 1KO | OTC : NRRMF

logo
  • Home
  • Corporate
  • Properties
    • Norway
      • Bleikvassli
      • Meråker
    • Canada
      • Pyramid
  • Investors
    • Share Structure
    • Financial Statements
    • AGM Materials
    • Stock Charts
    • Corporate Presentation
    • Media
  • News
    • 2023
    • 2022
    • 2021
    • 2020
    • Previous
  • Contact

Norra Metals Corp. Closes Oversubscribed Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES

VANCOUVER, BC – September 30, 2020 – Norra Metals Corp. (the “Company”) (TSX-V: NORA) is pleased to announce it has closed an oversubscribed non-brokered private placement financing for total gross proceeds of $1,377,500.

“We are very pleased to close on this oversubscribed financing, which will allow us to begin our rapid pace of advancement at Bleikvassli. Participation from management clearly underscores our team’s commitment and confidence in the project,” states Mike Devji Chief Executive Officer of Norra Metals Corp.

The company has allotted and issued 27,550,000 units at a price of $0.05 per unit. Each unit comprises of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the Company for a period of 24 months at a price of $0.15 per share.

The Company will use the proceeds from the private placement toward exploring and advancing its Bleikvassli property and general working capital. All securities issued are subject to a 6 month hold period expiring on March 24, 2021.

In relation to the private placement, the company has paid finders’ fees in the aggregate amount of $48,720 and issued 939,400 finders’ warrants to an arm’s-length party, with each finder’s warrant exercisable into a common share of the Company at a price of $0.15 per share for a period of 24 months.

About Norra Metals Corp.

Norra Metals primary focus is the exploration potential on the Bleikvassli property as a former Cu-Zn-Pb-Ag (± Au) producer which represents an immediate and significant exploration target for the company. The Bleikvassli property is located in central Norway, contains power and paved roads onsite, is close to tide water and nearby rail service. Management has been mandated to focus on safe, mining-friendly jurisdictions and government regulations supportive of mining operations.

We seek Safe Harbor.

ON BEHALF OF THE BOARD OF NORRA METALS CORP.

Per: “Minaz Devji”

Minaz Devji,

CEO and Director

Contact info:

Tel: (604) 258-8666

Email:  mike.devji@norrametals.com

 

For further information, please contact:

Mr. Tony Perri – Investor Relations
Tel: (604) 818-7779

Email:  tony.perri@norrametals.com

Or:

Empire Communications Group Inc.

Tel: (604) 643-2724

Email: David@empiregroupir.com

This news release was prepared by Company management, who take full responsibility for its content.  Neither 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.

FB Social TW Social IG social © Norra Metals Corp. | Disclaimer

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}