Novadx Clarifies Press Release
NOVADX CLARIFIES PRESS RELEASE
(Vancouver, BC, September 30, 2010) Novadx Ventures Corp (“Novadx” or the “Company”) - TSX-V: NDX: Further to its News Release of today’s date, the Company wished to correct that upon completion of the private placement Mr. MacDonald, CEO of Novadx, has ownership and control over, in aggregate, 5,365,051 common shares, representing 9.57% of the currently outstanding shares of Novadx (9,245,760 common shares representing 16.50% assuming exercise of all warrants owned or controlled by Mr. MacDonald). The Company understands that Neil MacDonald acquired the securities for investment purposes. Mr. MacDonald has no present intention to acquire any additional securities of the Company but may in the future acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant.
A copy of the Early Warning Report filed by Neil MacDonald filed with the applicable securities regulators in connection with the private placement is available under the Company's SEDAR profile at www.sedar.com.
For more information about Novadx Ventures Corp. please contact:
Neil MacDonald
(604) 633-2776 ext 23
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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 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.