06:45:20 EDT Sun 19 May 2024
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Nevada Organic Phosphate Inc
Symbol NOP
Shares Issued 35,960,040
Close 2023-06-12 C$ 0.04
Market Cap C$ 1,438,402
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Nevada Organic appoints Szustak, Pitman as directors

2023-06-13 18:20 ET - News Release

Mr. Robin Dow reports

NEVADA ORGANIC PHOSPHATE APPOINTS DIRECTORS

Nevada Organic Phosphate Inc. has appointed Eric Szustak and Paul Pitman to the board of directors.

Paul Pitman, PGeo

  • Mr. Pitman is a field-hardened veteran with extensive experience in all areas of geological exploration for a number of metals an materials. He has over 55 years of experience as an exploration geologist. Since 1983 he acted as a geological consultant to over 70 clients; providing a full range of services (geological, corporate, and administrative); including being a former director, officer (vice-president or president) of several junior resource companies. Mr. Pitman is semi-retired but directs his geological expertise as an advisor to several fertilizer companies.

Eric Szustak, CA

  • Mr. Szustak is a chartered public accountant, CA, with over 38 years of financial service, business development, marketing, accounting and chief financial officer experience. Mr. Szustak has worked at both small and large accounting firms advising mid-sized businesses. His background includes 14 years with three national brokerage firms Midland Walwyn, Merrill Lynch and BMO Nesbitt Burns in various positions, including private client wealth group, management and securities compliance.
  • Mr. Szustak holds a BA honours chartered accountant studies and economics from the University of Waterloo and received his chartered accountant designation in 1985. Mr. Szustak is the former president and now chairman of board of Quinsam Capital Corp. Quinsam is a public merchant bank based in Canada. The merchant banking business encompasses a range of activities including acquisitions, advisory services, lending activities and portfolio investments. His experience in the public markets includes being a director of various public companies.

The company also announces the resignation of Kristine Dorward as a director of the company effective as of June 3. The company wishes to thank Ms. Dorward for her devotion and service to the company and wishes her well in her future endeavours.

The company has also granted an aggregate of 700,000 stock options to its new directors, exercisable at 7.5 cents per share for a period of five years.

About Nevada Organic Phosphate Inc.

Nevada Organic is a junior exploration company with an organic sedimentary raw rock phosphate bed, 8.25 kilometres long, in northeast Nevada. This is believed to be the only known organic sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nev., and near the rail head to California.

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