NovaDX Grants Over‐Allotment on Private Placement
NovaDX Ventures Corp, President & CEO, Neil MacDonald, reports:
(Vancouver, BC, May 15, 2009) NovaDX Ventures Corp (“NovaDX”) ‐ TSX‐V: NDX announces the
Company will grant an over‐allotment of up to 714,000 units at a price of $0.07 per unit, in connection
with it's private placement, first announced on April 3, 2009. Each unit consists 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. The common
shares forming part of the units, as well as any common shares issued upon exercise of the warrants,
will be subject to a four‐month hold period,
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 please contact Neil MacDonald at 604‐633‐2776 or send us an email at
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