Nevada Organic Phosphate Announces Private Placement of up to $300,000
Not for distribution to U.S. news wire services or dissemination in the United States.
Nevada Organic Phosphate Announces Private Placement of up to
$300,000
Vancouver, British Columbia, May 13, 202 5. 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 1 0,000,000 units (each, “ Unit”) at a price of $0.0 3 per Unit for aggregate gross
proceeds of up to $300,000.
Each Unit will consist of one common share in the capital of the Company (each, a
“Share”) and one Share purchase warrant (each, a “ Warrant”), with each Warrant
entitling the holder thereof to purchase one additional Share (each, a “ Warrant Share”)
at a price of $0. 05 per Warrant Share for a period of sixty months following the date of
issuance (the “Date of Issue”). Each Warrant will be subject to an acceleration provision
providing that, if the volume weighted average price for the Company’s common shares
on the Canadian Securities Exchange (the “ CSE”, or such other exchange on which th e
common shares may be traded at such time) is equal to or greater than $0.08 for a period
of ten (10) consecutive trading days at any time after the Date of Issue, the Company can
accelerate the expiry date of the Warrants by disseminating a news release advising the
holders of the acceleration and, in such case, the Warrants will expire on the thirtieth day
after the date of such notice.
The aggregate proceeds of the Offering are anticipated to be used for advancement of
the Company’s Murdock Property and for general working capital. The Company may pay
a finder’s fee on a portion of the gross proceeds of the Offering . All securities issued in
connection with the Offering are subject to a statutory hold period expiring four months
and one day after the Date of Issue, as set out in National Instrument 45 ‐102 – Resale
of Securities. The Offering remains subject to regulatory approval and the approval of the
CSE.
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.
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. Forward- looking statements
in this press release include, but are not limited to, statements regarding the proposed Offering and the
anticipated use of proceeds of the Offering. 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.