08:14:51 EST Sat 24 Feb 2024
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Nevada Organic Phosphate Inc
Symbol NOP
Shares Issued 43,317,705
Close 2024-02-12 C$ 0.04
Market Cap C$ 1,732,708
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Nevada Organic signs consulting agreements

2024-02-12 20:20 ET - News Release

Mr. Robin Dow reports


Nevada Organic Phosphate Inc. has entered into a consultant agreement with an independent consultant, Integrity Media Inc. (the consultant), with respect to the consultant agreeing to serve as the company's manager of government relations for a term of one year, led by its president, Kurt Divich. In consideration for the appointment and services over the term of the consulting agreement, the company has agreed to issue 800,000 common shares to the consultant at a deemed price of five cents per share.

The company has also entered into a consultant agreement with an independent consultant (the independent consultant) pursuant to which the independent consultant has agreed to provide the company general corporate development and business marketing services for a three-month term. As consideration for services over the term of the agreement, the company has agreed issue 260,000 common shares to the independent consultant at a deemed price of five cents per share.

Accordingly, all the shares are to be issued pursuant to the prospectus exemption provided under Section 2.24 of National Instrument 45-106, Prospectus Exemptions, and are subject to a hold period of four months and one day.

About Nevada Organic Phosphate Inc.

Nevada Organic is a junior exploration company with a sedimentary rock phosphate property (the Murdock property) hosting a nearly flat-lying sedimentary bed of known phosphate mineralization in northeast Nevada.

The increasing interest in organic and sustainable agriculture practices has contributed to the demand for organic fertilizers, including those derived from rock phosphate. Organic rock phosphate is often marketed as a fertilizer that not only provides phosphorus but also contributes to overall soil health.

The issuer aims to be one of the only certified organic rock phosphate producers with large-scale potential in North America. The Murdock property is situated adjacent to a main highway and the rail head to California.

We seek Safe Harbor.

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