new out05 February 2010
For ImmediateRelease
Novadx and MCoal AmendMCoal Debenture Offering
(Vancouver, BC, February 5, 2010)Novadx Ventures Corp (“Novadx”) (TSX-V: NDX) announced today thatNovadx and Canaccord Financial have agreed to amend the terms of thebrokered offering (the "Offering") of a minimum of 25,200 to a maximumof 30,000 secured, redeemable debentures (the “Debentures”) to be issuedby MCoal, Novadx's wholly-owned subsidiary, first announced on January22, 2010.
The Debentures, which were originally tobe issued at an offering price of US $100 per Debenture for grossproceeds of a minimum of US$2,520,000 to a maximum of US$3,000,000, willnow be offered at an offering price of CDN $100 per Debenture for grossproceeds of a minimum of CDN$2,520,000 to a maximum of CDN$3,000,000.All other terms of the offering will remain unchanged. For completedetails of the proposed offering, please refer to Novadx's January 22,2010 press release.
About MCoal: MCoalCorporation, a wholly owned subsidiary of Novadx Ventures Corp., hasbeen actively acquiring surface and mineral interests that cover theRosa Coal deposit. The Rosa Coal Project is a metallurgical coal mineproject located in Blount County in Northern Alabama, approximately 40miles from the City of Birmingham, which is the location of two existingcoking plants that have historically used the Rosa Coal in theiroperations.
About Novadx:Novadx is a Vancouver-based InvestmentCompany whose primary focus is on providing merchant banking services tonatural resource companies.Novadx structures and makes direct equity investments as a principaland provides management and other related services to companies inspecific resource sectors, such as MCoal Corporation, a subsidiarycompany currently permitting a metallurgical coal mine in the State ofAlabama, USA. For more information please visit www.novadx.com.