Novadx Announces Closing of Non‐brokered Private Placement
Novadx Ventures Corp, President & CEO, Neil MacDonald, reports:
(Vancouver, BC, October 30, 2009) Novadx Ventures Corp (“Novadx”) ‐ TSX‐V: NDX is
pleased to announce that it has closed the non‐brokered private placement that was
announced on October 9, 2009 and amended on October 23, 2009. The offering
resulted in the issuance of 2,200,000 common shares of the Company at a price of $0.15
per common share for gross proceeds of $330,000.
Proceeds from the placement will be used for general working capital purposes. In
accordance with the TSX Ventures policies, the Company paid finder’s fees of $16,920,
advisory fee of $8,000 and issued 141,000 compensation warrants in connection to the
financing. Each compensation warrant is exercisable into 1 common share of the
Company at a price of $0.17 per share for a period of 1 year from closing.
All securities issued pursuant to the private placement are subject to hold period of four
month plus a day from the date of issuance.
About Novadx: Novadx is a Vancouver‐based Investment Company whose primary focus is on
providing merchant banking services to natural resource companies. Novadx structures and
makes direct equity investments as a principal and provides management and other related
services to selected structured project companies in specific resource sectors, such as MCoal
Corporation, a subsidiary company currently permitting a metallurgical coal mine in the State of
Alabama, USA. For more information please visit www.novadx.com.
This press release is not for distribution in the United States or over United States wire
services.
ON BEHALF OF THE BOARD
Neil MacDonald
President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release. 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. This
press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior
to the qualification under the securities laws of such jurisdiction.
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 about Novadx Ventures Corp. please contact:
Neil MacDonald, President and CEO
(604) 633‐2776
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Robin Bjorklund, or
Griff Jones Investor Relations
OceanPoint Advisors Inc.
(604) 682‐7339
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