Nevada Organic Phosphate Announces Expiry of 27,575,240 Share Purchase Warrants and Provides Updated Cap Table
Nevada Organic Phosphate Announces Expiry of 27,575,240 Share
Purchase Warrants and Provides Updated Cap Table
Vancouver, British Columbia, May 27, 2024. Nevada Organic Phosphate Inc.
(“NOP” or the “Company) (CSE: NOP), a B.C. based company engaged, in Nevada,
in exploration for organic, sedimentary raw rock phosphate, announces that on May 10,
2024 and May 24, 2024, an aggregate of 27,575,240 warrants exercisable to purchase
the same number of common shares of NOP at a price of $0.10 have expired in
accordance with the applicable provisions of the warrant certificates related thereto.
In addition, as a result of the expiration of the 27,575,240 warrants outstanding since
2022, NOP is providing the below updated capitalization table on a fully diluted basis.
Total issued and outstanding common shares 44,627,705
Total options outstanding 4,325,000
Total warrants outstanding 7,722,465
Total issued and outstanding - Fully Diluted 56,675,170
Nevada Organic Phosphate Inc.
NOP is a junior exploration company with a sedimentary rock phosphate property (the
“Murdock Property”) hosting a nearly flat lying sedimentary bed of known phosphate
mineralization in NE Nevada.
The increasing interest in organic and sustainable agriculture practices has contributed to
the demand for organic fertilizers, including those derived from rock phosphate. Organic
rock phosphate is often marketed as a fertilizer that not only provides phosphorus but also
contributes to overall soil health.
The Issuer aims to be one of the only certified organic rock phosphate producers with
large scale potential in North America. The Murdock Property is situated adjacent to a
main highway and the rail head to California.
For More Information
Robin Dow, CEO
T: 604.355.9986
Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept
responsibility for the adequacy or accuracy of this release.