Norra Metals announces share consolidation, name change, and acquisition of Swedish and Norwegian properties

February 15, 2019 8:00 AM EST | Source: Norra Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - February 15, 2019) - Norra Metals Corp. (TSXV: NORA) (the "Company") is pleased to announce that it has completed (1) a consolidation of the Company's issued and outstanding common shares on the basis of one new common share for three old common shares; (2) the approval of the private placement of 12,326,667 post-consolidated units at six cents per post-consolidated unit for a total amount of $739,600, which consists of one common share and one-half of one share purchase warrant exercisable for a term of two years at 10 cents for each warrant (the "Offering"); (3) a change of name to Norra Metals Corp.; and (4) the acquisition of the following properties from EMX Royalty Corp. by the issuance of 4,808,770 common shares:

  • The Bleikvassli project composed of six licences;
  • The Meraker project composed of 21 licences;
  • The Sagvoll project composed of 11 licences; and
  • The Bastutrask project composed of two mineral exploration licences.

The Company will pay finders' fees in the total amount of $18,620 with respect to the Offering. All of the securities issued and issuable are subject to a four-month hold period expiring June 16, 2019.

ABOUT Norra Metals Corp.
(www.norrametals.com)

Norra Metals Corp. is a Canadian-based junior exploration company comprised of highly qualified mining professionals with two very prospective copper-gold exploration projects located in northwestern British Columbia on or within the "Golden Triangle" and now three exciting zinc-copper-lead-silver projects in Norway and an additional prospective zinc-copper-silver-gold project in Sweden.

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

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42861

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