NovaDX Closes Third and final Tranche of Non‐brokered Private
Placement
NovaDX Ventures Corp, President & CEO, Neil MacDonald, reports:
(Vancouver, BC, May 25, 2009) NovaDX Ventures Corp (“NovaDX”) ‐ TSX‐V: NDX announces that it has
closed on 5,505,200 units of a non‐brokered private placement of the Company that was previously
announced on April 3, 2009 and amended on May 15, 2009 to allow for an overallotment. Gross
proceeds of the closing were $289,540 and insiders of the Company subscribed for a total of 2,250,200
units.
This third tranche closing of the private placement consisted of 4,791,200 units at a price of $0.05 per
unit and 714,000 over‐allotment units at a price of $0.07 per unit. Each of the units and the over‐
allotment units consist of one common share and one‐half of one non‐transferable share purchase
warrant. Each whole warrant entitles the holder to acquire one additional common share at an exercise
price of $0.10 per share for a period of 24 months from the date of closing.
The proceeds of the private placement will be used for investment and working capital purposes. The
common shares forming part of the units, as well as any common shares issued upon exercise of the
warrants, are subject to a four‐month hold period, which will expire at midnight on September 26, 2009.
The Company’s CEO, Neil MacDonald of Vancouver, BC acquired 2,000,200 units under the private
placement. Upon completion of the offering, Mr. MacDonald has ownership or control over an
aggregate of 5,104,009 common shares, representing 15.36% of NovaDX's outstanding capital.
Assuming the exercise of the warrants forming part of Mr. MacDonald's units, Mr. MacDonald would
then own or control an aggregate of 6,104,109 common shares, representing 17.84% of NovaDX's then
outstanding capital.
NovaDX is advised that the securities were acquired by Mr. MacDonald for investment purposes. While
he does not currently have any intention to acquire further securities of the Company, Mr. MacDonald
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 Vancouver‐based investment firm whose primary focus is on providing
merchant banking and other business advisory services to 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 discoveries. 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. NovaDX seeks a return on its
investments supplemented with revenue from investment banking, investment fund administration and
advisory services. 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
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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 or for a copy of Mr. MacDonald's Early Warning Report filed in accordance with
applicable Securities Legislation, please contact Neil MacDonald at 604‐633‐2776 or send us an email
at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .