Nevada Organic Phosphate Inc. (CSE: NOP) has successfully completed the first tranche of its non-brokered private placement, securing a total of $1,302,000. This funding represents a significant milestone for the British Columbia-based company, which focuses on exploring organic sedimentary phosphate.
This announcement follows previous updates issued on September 19 and September 23, 2025, which outlined the company’s strategic financing initiatives designed to enhance its operations and exploration capabilities.
Details of the unit offering
The initial tranche of this offering involved the issuance of 26,040,000 units, each priced at $0.05. Each unit consists of one common share, referred to as a Share, and one-half of a share purchase warrant, known as a Warrant. These warrants allow holders to purchase an additional share at $0.10 within a period of sixty months from the issuance date.
Furthermore, the proceeds from this offering will primarily fund a phase one drill program at the company’s Murdock Property. This initiative is set to begin in early October and aims for completion by the end of the month. The funding will also address general working capital needs.
Finder’s fees and units issued
In this transaction, the company allocated $91,250 in fees and issued 1,825,000 finder’s units to select individuals who facilitated the placement. Each finder’s unit is structured similarly to the original units, consisting of one share and one-half of a Finder’s Warrant. This arrangement allows for the purchase of one additional share at a price of $0.10 for a duration of sixty months.
Acceleration provisions and hold period
Both the warrants and finder’s warrants include an acceleration provision. If the average trading price of the company’s shares on the Canadian Securities Exchange (CSE) reaches or exceeds $0.25 for ten consecutive trading days, the company reserves the right to expedite the expiry date of the warrants. In such a case, a news release will be issued, providing holders with a thirty-day window to exercise their warrants.
All securities issued during this tranche are subject to a statutory hold period of four months and one day following issuance, as outlined by National Instrument 45-102 regarding the resale of securities. Additionally, the offering is contingent upon obtaining regulatory approval from the relevant authorities, including the Canadian Securities Exchange.
Regulatory considerations
None of the securities associated with this tranche have been registered under the United States Securities Act of 1933 or its amendments. Thus, these securities cannot be offered or sold in the U.S. unless they are registered or qualify for an exemption from registration requirements. This announcement does not constitute an offer for sale or a solicitation to purchase any securities in the United States or in any jurisdiction where such an offer would be considered illegal.
About Nevada Organic Phosphate
Nevada Organic Phosphate Inc. is a junior exploration company known for its significant phosphate resource. The company’s phosphate bed covers approximately 6.6 kilometers in northeastern Nevada, with additional claims potentially extending to over 30 kilometers. This project stands out as the only large-scale organic sedimentary phosphate initiative in North America. It is strategically located near the main thoroughfare to Montello/Elko, Nevada, and is in proximity to rail access leading to California.
For more information about the company or its projects, please contact:
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The Canadian Securities Exchange and its regulatory service providers have not reviewed or assumed responsibility for the accuracy of this release.
This announcement may contain forward-looking statements and information based on expectations and assumptions that might not hold true. Readers should be cautious when relying on these statements.