Press Release
| November 10, 2006 Press Release |
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| November 10, 2006 -- NovaDx Ventures Corp. (TSX.V: NDX) Following the completion of NovaDx Venture Corp.'s private placement transaction, CEO Neil MacDonald reports that he now owns 1,413,795 common shares representing 13.77% of the Company's currently outstanding shares. Mr. MacDonald also owns 1,242,000 warrants and 300,000 incentive stock options, which if exercised would result in him owning shares representing approximately 28.8% of the Company's outstanding share capital. The transaction involved a private placement of securities from the treasury of NovaDx. The securities were acquired for investment purposes. While Mr. MacDonald has no present intention to acquire further securities of NovaDx, he may in the future acquire or dispose of securities of NovaDx, through the market or otherwise, as circumstances or market conditions warrant. About NovaDx NovaDX is a newly created merchant banking firm that is focusing on small and micro-cap natural resource issuers, a largely overlooked but important sector of the equity markets. NovaDX's business plan involves seeking out investment opportunities in companies that have quality management and projects that demonstrate an above average opportunity for new resource discovery. NovaDX works closely with management of these companies with the objective of mitigating risk and enhancing the value of its investments. NovaDX intends to pursue opportunities in North America and abroad. As a merchant bank, NovaDX seeks a return on its investments supplemented with revenue derived from providing investment banking and advisory services to this sector. ON BEHALF OF THE BOARD The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The company cautions readers that forward-looking statements, including without limitation those relating to the company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. For more information, please contact Neil MacDonald or Stephen Wilkinson at 1-888-350-8818 or 604-331-1223. |
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You can view the Next NovaDX Corporate News item: Thu Nov 30, 2006, Novadx Announces First Quarter Results |