MCoal Receives Nationwide Permit 21 Authorization from the US Corp of Engineers
| (Vancouver, BC, November 2, 2009) Novadx Ventures Corp ("Novadx") (TSX-V: NDX) is pleased to announce that its wholly-owned subsidiary, MCoal Corporation's ("MCoal") mine plans have met the requirements set by the US Army Corps of Engineers (USACE) for Surface Coal Mining Activities and accordingly USACE has granted MCoal Nationwide Permit Authorization (Project Number SAM-2009-00653-CHE) for MCoal's proposed "Rosa" metallurgical coal mine located in Blount County, Alabama. The USACE is a federal agency and a major Army command involved in a wide range of and public works services to the United States by providing vital engineering services and capabilities across the full spectrum of operations---from peace to war---in support of US national interests. Amongst other activities, the USACE is responsible for investigating, developing and maintaining America's water and related environmental resources and administers Nationwide Permit 21 entitled "Surface Coal Mining Activities" (Federal Register, March 21, 2007 Vol. 72, No. 47). Neil MacDonald CEO of Novadx and President of MCoal commented that "this event represents another significant corporate milestone in the process of MCoal permitting the Rosa Coal Mine for production. Receiving Nationwide Permit 21 Authorization is the last pre-requisite leading to the issuance of a mine permit from the Alabama Surface Mining Commission to begin operating the Rosa Coal Mine. We anticipate that this final permit will be issued in the near future." 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 This e-mail address is being protected from spambots. You need JavaScript enabled to view it Robin Bjorklund, or Griff Jones Investor Relations OceanPoint Advisors Inc. (604) 682-7339 This e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spambots. You need JavaScript enabled to view it |
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