October 22, 2009
MCoal Corporation Announces Membership to the Alabama Coal Association
Novadx Ventures Corp. (TSXV:NDX) is pleased to announce that its wholly owned subsidiary MCoal Corporation ("MCoal") has been formally admitted into the Alabama Coal Association ("ACA") as a producing member.
Mr. Neil MacDonald President of Novadx and CEO of MCoal commented, "This is an honour for MCoal and a significant event for our Company. Through granting of our membership we have gained acceptance amongst the coal producers in Alabama. We are proud of this accomplishment and are looking forward to being a valued participant in the continued development of the coal industry in Alabama and look forward to working with our peers in managing the coal resources of Alabama for the benefit of the citizens of the State."
David Roberson, President of the Alabama Coal Association commented, "MCoal is bringing to us the creative ability to mine a natural resource for the benefit of our State, and at the same time providing much needed reclamation of lands that were mined decades ago, before passage of State and Federal reclamation laws. We welcome them to our association."
MCoal is currently permitting a metallurgical coal mine, the "Rosa Mine" in Blount County, Alabama, USA. The coal MCoal intends to auger mine is high quality metallurgical (coking) coal.
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 may own a majority interest in its investments.
For more information please visit www.novadx.com.
ON BEHALF OF THE BOARD,
Neil MacDonald
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the 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 about MCoal Corp. and 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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