Business
Nevada Organic Phosphate Announces Private Placement of Up To $2,000,000
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF) ("NOP" or the "Company"), a B.C. based leader in organic sedimentary phosphate exploration, is pleased to announce it intends to complete a non-brokered private placement (the "Offering") of up to 11,111,111 units (each, "Unit") at a price of $0.18 per Unit for aggregate gross proceeds of up to $2,000,000.Each Unit will consist of one common share in the capital of the Company..
About this update from Nevada Organic Phosphate Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF) ("NOP" or the "Company"), a B.C. based leader in organic sedimentary phosphate exploration, is pleased to announce it intends to complete a non-brokered private placement (the "Offering") of up to 11,111,111 units (each, "Unit") at a price of $0.18 per Unit for aggregate gross proceeds of up to $2,000,000.","length":476,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one-half of one Share purchase warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder thereof to purchase one additional Share (each, a "Warrant Share") at a price of $0.30 per Warrant Share for a period of thirty-six months following the date of issuance.","length":408,"tagName":"p"},{"type":"text","content":"The aggregate proceeds of the Offering are anticipated to be used for the phase two drill program at 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 Canadian Securities Exchange.","length":581,"tagName":"p"},{"type":"text","content":"Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF)","length":55,"tagName":"p"},{"type":"text","content":"NOP is a junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeast Nevada. Additional applications extend the potential strike of rock phosphate to over 30 kilometres. This is believed to be the only known large-scale organic sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nevada, and near the rail head to California or the East Coast.","length":451,"tagName":"p"},{"type":"text","content":"For More Information","length":20,"tagName":"p"},{"type":"text","content":"Robin Dow, CEOT: 604.355.9986E: robin@dowgrou...