Nevada Organic Phosphate Inc. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.05 per unit for aggregate gross proceeds of up to CAD 250,000 on October 17, 2023. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.10 per common share for a period of 24 months from the date of issuance.

The securities offered pursuant to the transaction will be subject to a statutory hold period of four months and a day from the date of issuance. The company may pay a finder?s fee on a portion of the gross proceeds of the transaction. The transaction remains subject to regulatory approval and the approval of the Canadian Securities Exchange.