Mr. Cyrus Driver reports
NORAM ANNOUNCES CHANGE TO BOARD AND INCENTIVE GRANT
Noram Lithium Corp.'s Adam Falkoff has resigned from the board of directors but will remain as an adviser to the company. The company would like to thank Mr. Falkoff for his support, efforts and contributions during his time as a director, and looks forward to continuing to work together in his capacity as an adviser.
The company also announces that it has granted a total of six million deferred share units (DSUs) to certain directors and officers of the company in accordance with the new omnibus incentive plan adopted by shareholders of the company at the annual general and special meeting held on March 18, 2024. The DSUs vest one year from the date of grant, subject to certain exceptions, and each DSU entitles the holder to receive one common share of the company at the time the holder ceases to be a director of the company.
The company also announces the cancellation of a total of 7.43 million outstanding incentive stock options which were exercisable at varying prices ranging from 64 cents to 80 cents.
About Noram Lithium Corp.
Noram Lithium is focusing on advancing its 100-per-cent-owned Zeus lithium project located in Clayton Valley, Nevada, an emerging lithium hub within the United States.
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