Novadx Announces Results of 2013 Annual Shareholder's Meeting
NEWS RELEASE
September 25, 2013 Symbol: TSX-V: NDX
Novadx Announces Results of 2013 Annual Shareholder's Meeting
(Vancouver, BC, September 25, 2013) Novadx Ventures Corp. (the "Company") (TSX-V: NDX). Further to its news releases dated August 13, 2013 and August 20, 2013, announcing the Company's restructuring transaction (the "Restructuring") the Company is pleased to announce that at its annual and special general meeting of shareholders held on September 24, 2013 (the "Meeting"), the Company received disinterested shareholder approval for the proposed change of control resulting from the issuance of securities to each of Sandstorm Metals and Energy Ltd. ("Sandstorm") and ITA Global Opportunities Fund ("ITA") under the Restructuring, as a result of which each of Sandstorm and ITA will become new control persons of the Company.
Shareholders also re-approved the adoption of the Company's 10% rolling stock option plan and approved the proposed 50:1 consolidation of the Company's outstanding share capital, the adoption of the Company's restricted share plan, the re-appointment of Davidson & Company LLP as auditors of the Company. In addition, Daniel A. Roling, Sam Wong, Marc Solochek and Jeff O'Leary were elected to serve as directors of the Company for the ensuing year.
Daniel Roling, President, CEO and Chairman commented: "We are pleased with the support shareholders have shown for the Company's restructuring initiatives. Securing the required shareholder approvals represents and important step for the Company as we work towards completing the Restructuring transaction."
ON BEHALF OF THE BOARD Daniel A. Roling President, CEO and Director
For more information about Novadx Ventures Corp. please contact:
Daniel A. Roling +1 (865) 392-4282 [email protected]
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 The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the qualification under the securities laws of such jurisdiction.
This release contains "forward-looking information" that includes information relating to future events and future financial and operating performance, including management's assessment of Novadx's and MCoal's future outlook, potential financings, potential acquisitions, properties, permitting and mining activities and production. Specifically, this release contains forward-looking information related to future development of assets, mining operations, permitting and regulatory and shareholder approvals, and potential financings. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. Forward-looking information should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking information is based on information available at the time it is made and/or management's good faith belief as of that time with respect to future events, and such information is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking information. Important factors that could cause these differences include but are not limited to: requisite regulatory and shareholder approvals, actual or expected sampling or production results, pricing and assumptions, projections concerning reserves and/ or resources in our mining operations; changes in contracted sales, the business of the Company may suffer as a result of uncertainty surrounding the coal market; the Company may be adversely affected by other economic, business, and/or competitive factors; the worldwide demand for coal; the price of coal; the price of alternative fuel sources; the supply of coal and other competitive factors; the costs to mine and transport coal; the ability to maintain existing mining leases and rights and the ability obtain new mining leases, rights and permits; governmental and regulatory and shareholder approvals, the costs of reclamation of previously mined properties; the risks of expanding coal mining activities and production; the ability to bring new mines on line on schedule; industry competition; the Company's ability to continue to execute its growth strategies; the Company's ability to secure and complete additional financing and debt restructuring; the Company's ability to complete planned acquisitions; and general economic conditions. You should not put undue reliance on any forward-looking information. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking information, no inference should be drawn that we will make additional updates with respect to those or other forward-looking information. The company cautions readers that forward- looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.