Novadx Announces Results of AGM Novadx Ventures Corp, President & CEO, Neil MacDonald, reports: (Vancouver, BC, October 29, , 2010)
For Immediate Release
Novadx Announces Results of AGM
Novadx Ventures Corp, President & CEO, Neil MacDonald, reports:
(Vancouver, BC, October 29, , 2010) Novadx Ventures Corp (“Novadx” or the “Company”) ‐ TSX‐ V: NDX is pleased to announce a very successful Annual General Meeting held yesterday in Vancouver, BC with a record turnout of shareholder votes and shareholders attending the meeting. Mr. Neil MacDonald, President and CEO of Novadx, added that “The Employees, Officers and Directors very much appreciate the support demonstrated by shareholders and received a strong mandate to proceed with the Company's current growth strategy.”
At the meeting, Shareholders elected Mr. Neil MacDonald, Scott Ackerman, Jeff Durno, John King Burns, Dennis Molnar and Peter Espig to serve as directors of the Company for the ensuing year. Mr. John King Burns was appointed as Chairman of the Board. Shareholders also voted to re‐appoint Davidson & Company LLP, as its auditors for the ensuing year and re‐approved the Company's 10% rolling stock option plan.
Mr. MacDonald stated "The Company wishes to welcome our two new board members, Dennis Molnar and Peter Espig.”
Novadx would also like to thank Messer’s Sargent Berner, Kenneth Yurichuk and Stephen Wilkinson for their valued service and contributions while on the Novadx Board.
About Novadx: Novadx is a Vancouver‐based Investment Company whose primary focus is on providing merchant banking services to natural resource companies. Novadx structures and makes direct equity investments as a principal and provides management and other related services to companies in specific resource sectors, such as MCoal Corporation, a subsidiary company that has commenced production from the Rosa mine a metallurgical coal mine in the State of Alabama, USA. For more information please visit www.novadx.com.
About MCoal: MCoal Corporation is a wholly‐owned subsidiary of Novadx Ventures Corp. and operates the Rosa Coal Mine. The Rosa Mine is a metallurgical coal mine located in Northern Alabama, approximately 40 miles north of the City of Birmingham. In addition to operating the Rosa Mine, MCoal is actively evaluating a number of high quality coal acquisition opportunities in the Appalachian coal region to increase its reserves and production.
ON BEHALF OF THE BOARD
Neil MacDonald President and CEO and Director
For more information about Novadx Ventures Corp. please contact:
Neil MacDonald (604) 633‐2776 ext 23 [email protected]
Gavin McMillan (604) 633‐2776 ext. 30 [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.
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. 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.