GREY:NDXFF - Post by User
Comment by
dollpartzon Jun 12, 2010 7:14am
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Post# 17182883
RE: news out
RE: news outNOVADX VENTURES CORP. ("NDX")
BULLETIN TYPE: Property-Asset or Share PurchaseAmending Agreement
BULLETIN DATE: June 11, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filingdocumentation pertaining to an agreement between NovaDX Ventures Corp.(the "Company") and Newco Inc. ("Newco"), whereby the Company hasnegotiated a buy back and restructuring of a 15% net profit interest incoal mined at the Rosa Mine reserves. Pursuant to the terms of the newdeal, Newco has agreed to convert the 15% net profit interest to a 1%gross overriding royalty, subject to a maximum of US$2,400,000 inroyalties being paid over the life of the mine, on all coal mined at theRosa mine. In consideration, the Company will issue 2,000,000 sharesto Newco.
Insider / Pro Group Participation: N/A
TSX-X