Nevada Organic Phosphate Announces Private Placement of up to $250,000
Nevada Organic Phosphate Announces Private Placement of up to
$250,000
Vancouver, British Columbia, October 17, 2023. Nevada Organic Phosphate Inc.
(“NOP” or the “Company) (CSE: NOP), a B .C. based company engaged in the
exploration, in Nevada, for organic, sedimentary raw rock phosphate, is pleased to
announce it intends to complete a non-brokered private placement (the “Offering”) of up
to 5,000,000 units (“Units”) at a price of $0.05 per Unit for aggregate gross proceeds of
up to $250,000.
Each Unit will consist of one common share in capital of the corporation (a " Common
Share") and one common share purchase warrant (a “Warrant”). Each Warrant will entitle
the holder thereof to purchase one Common Share at a price of $0.10 per Common Share
for a period of 24 months from the date of issuance.
The securities offered pursuant to the Offering will be subject to a statutory hold period of
four months and a day from the date of issuance. The Company may pay a finder’s fee
on a portion of the gross proceeds of the Offering. The Offering remains subject to
regulatory approval and the approval of the Canadian Securities Exchange (“CSE”).
The Company intends to use the net proceeds of the Offering for advancement of its
Murdock Property and for general working capital.
Nevada Organic Phosphate Inc.
NOP is a junior exploration company with an Organic, se dimentary raw rock phosphate
bed, 8 ¼ km long, 5m x 5m, in NE Nevada (the “Murdock Property”). The Issuer aims to
be one of the only certified pure phosphate rock producers in the world as global supply
dwindles and becomes more unreliable. Believed to be one of the only organic rock
phosphate projects with large scale potential in North America, the Murdock Property is
situated close to the main highway to Montello/Elko 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.
This news release may contain forward-looking statements and information (“FLSI”) within the meaning of
applicable securities laws. FLSI may include expectations, anticipations, beliefs, opinions, plans, intentions,
estimates, forecasts, projections, guidance or other similar statements and information that are not historical
facts. All statements which are not historical statements are considered FLSI. All FLSI is based on
assumptions, which may prove inaccurate, and subject to certain risks and uncertainties, including without
limitation those risks and uncertainties identified in the Company’s public securities filings, which may cause
actual events or results to differ materially from those indicated or implied in FLSI. Accordingly, readers
should not place undue reliance or value on FLSI. Although the Company believes that the expectations
reflected in any FLSI in this news release are reasonable at the present time, it can give no assurance that
such FLSI will prove to be correct. Any FLSI in this news release is made as of the date hereof and the
Company undertakes no obligations to publicly update or revise any FLSI, whether as a result of new
information, future events or otherwise, unless required by applicable securities laws. Any FLSI in this news
release is expressly qualified in its entirety by this cautionary statement.