16:27:21 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Nevada Organic Phosphate Inc
Symbol NOP
Shares Issued 53,312,705
Close 2024-09-25 C$ 0.05
Market Cap C$ 2,665,635
Recent Sedar Documents

Nevada Organic closes $45,000 5th tranche of financing

2024-09-27 19:42 ET - News Release

Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE CLOSES FIFTH TRANCHE OF UNIT OFFERING

Further to its news releases dated March 18, 2024, June 6, 2024, July 23, 2024, and Aug. 20, 2024, Nevada Organic Phosphate Inc. has closed the fifth tranche of its previously announced non-brokered private placement for gross aggregate proceeds of $45,000 through the issuance of 900,000 units of the company at a price of five cents per unit.

Each unit consists of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional share at a price of 10 cents per warrant share for a period of 60 months following the date of issuance.

The aggregate proceeds of the fifth tranche are anticipated to be used for advancement of the company's Murdock property and for general working capital. No fees were paid in connection with closing of the fifth tranche.

All securities issued in connection with the fourth tranche are subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45-102, Resale of Securities. The offering remains subject to regulatory approval and the approval of the Canadian Securities Exchange.

About Nevada Organic Phosphate Inc.

Nevada Organic Phosphate 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 northeastern 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 railhead to California.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.