Business
Nevada Organic Phosphate Increases Unit Offering and Closes Second Tranche
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2025) - Nevada Organic Phosphate Inc. (CSE: NOP) ("NOP" or the "Company), a B.C. based company engaged in the exploration, in Nevada, for organic, sedimentary raw rock phosphate, is pleased to announce that, further to its news releases dated May 13, 2025; and May 22, 2025; it has closed the second tranche of its previously announced non-brokered private placement (the "Offering") for gross aggregate proceeds of $100,548 (the ...
About this update from Nevada Organic Phosphate Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - June 20, 2025) - Nevada Organic Phosphate Inc. (CSE: NOP) ("NOP" or the "Company), a B.C. based company engaged in the exploration, in Nevada, for organic, sedimentary raw rock phosphate, is pleased to announce that, further to its news releases dated May 13, 2025; and May 22, 2025; it has closed the second tranche of its previously announced non-brokered private placement (the "Offering") for gross aggregate proceeds of $100,548 (the "Second Tranche") through the issuance of 3,351,600 units of the Company (each, a "Unit") at a price of $0.03 per Unit. Together with proceeds from the first tranche the Company has raised total proceeds of $326,448 in the current Offering. The Company also announces that due to high investor interest it is increasing the Unit Offering to accommodate oversubscriptions and intends to close a third and final tranche soon.","length":959,"tagName":"p"},{"type":"text","content":"Each Unit consists 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.","length":373,"tagName":"p"},{"type":"text","content":"Fees of $4,500 were paid and 302,000 finder's units were issued (the "Finder's Units") to certain finders in connection with the Second Tranche. Each Finder's Unit consists of one Share and one finder's Share purchase warrant (each, a "Finder's Warrant"), with each Finder's Warrant entitling the holder thereof to purchase one additional Share (each, a "Finder's Warrant Share") at a price of $0.05 per Finder's Warrant Share for a period of sixty months following the date of issuance. The aggregate proceeds of the Second Tranche are anticipated to be used for advancement of the Company's Murdock Property and for general working capital.","length":708,"tagName":"p"},{"type":"text","content":"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...