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September 12, 2007
NovaDX Announces New Appointments (CFO, CCO, VP Marketing and Corporate Development, VP Operations and Administration)
NovaDX Ventures Corp, President & CEO, Neil MacDonald, reports:
(Vancouver, BC, September 12, 2007) NovaDX Ventures Corp ("NovaDX") - TSX-V:NDX - is pleased to announce the appointment of Donald M. Cameron, CA as Chief Financial and Corporate Compliance Officer. Mr. Cameron comes to NovaDX having served as CFO for RBC Global Private Banking. Mr. Cameron was also a Managing, Client and Tax Partner with KPMG and is currently a Board Member or Officer of various other entities.
As CFO, Mr. Cameron replaces Ken Yurichuk, who has accepted a new role with the Company, as a member of the Board of Directors, and Chairman of NovaDX's Audit Committee.
"Don Cameron brings a broad base of financial experience and a great understanding of NovaDX's business," commented Neil MacDonald, CEO of NovaDX. "I am confident that Don will help to drive our focus on building value for the Company's shareholders and will be a terrific asset for the Company as we continue to build on the progress we've made over the past year and a half. We appreciate the efforts that Ken Yurichuk has made to date and look forward to his ongoing participation as a member of our board and audit committee."
NovaDX also announces the appointment of Rick Peterson as Vice President Marketing and Corporate Development and Rowena Everett as Vice President Operations and Administration. "These two individuals joined our team as a result of NovaDX's acquisition of the Canadian Small Cap Resource Funds (announced April 19, 2007), and their respective skill sets will be instrumental in our ongoing development and growth of the Funds," said Neil MacDonald.
The Company also announces that it has granted incentive options to directors, officers and employees, in accordance with its Stock Option Plan, for the purchase of a total of 1.35 million common shares of the Company at a price of 35 cents for a period of five years, subject to regulatory approval.
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 management and advisory services.
ON BEHALF OF THE BOARD
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, please contact Neil MacDonald or Rick Peterson at 604-633-2776 or send us an email at
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