Novadx Announces Results of AGM
Novadx Ventures Corp, President & CEO, Neil MacDonald, reports:
(Vancouver, BC, October 29, , 2010) Novadx Ventures Corp (“Novadx” or the “Company”) - TSX-V: NDX is pleased to announce a very successful Annual General Meeting held yesterday in Vancouver, BC with a record turnout of shareholder votes and shareholders attending the meeting. Mr. Neil MacDonald, President and CEO of Novadx, added that “The Employees, Officers and Directors very much appreciate the support demonstrated by shareholders and received a strong mandate to proceed with the Company's current growth strategy.”
At the meeting, Shareholders elected Mr. Neil MacDonald, Scott Ackerman, Jeff Durno, John King Burns, Dennis Molnar and Peter Espig to serve as directors of the Company for the ensuing year. Mr. John King Burns was appointed as Chairman of the Board. Shareholders also voted to re-appoint Davidson & Company LLP, as its auditors for the ensuing year and re-approved the Company's 10% rolling stock option plan.
Mr. MacDonald stated "The Company wishes to welcome our two new board members, Dennis Molnar and Peter Espig.”
Novadx would also like to thank Messer’s Sargent Berner, Kenneth Yurichuk and Stephen Wilkinson for their valued service and contributions while on the Novadx Board.
About Novadx: Novadx is a Vancouver-based Investment Company whose primary focus is on providing merchant banking services to natural resource companies. Novadx structures and makes direct equity investments as a principal and provides management and other related services to companies in specific resource sectors, such as MCoal Corporation, a subsidiary company that has commenced production from the Rosa mine a metallurgical coal mine in the State of Alabama, USA. For more information please visit www.novadx.com.
About MCoal: MCoal Corporation is a wholly-owned subsidiary of Novadx Ventures Corp. and operates the Rosa Coal Mine. The Rosa Mine is a metallurgical coal mine located in Northern Alabama, approximately 40 miles north of the City of Birmingham. In addition to operating the Rosa Mine, MCoal is actively evaluating a number of high quality coal acquisition opportunities in the Appalachian coal region to increase its reserves and production.
ON BEHALF OF THE BOARD
Neil MacDonald
President and CEO and Director
For more information about Novadx Ventures Corp. please contact:
Neil MacDonald
(604) 633-2776 ext 23
nmacdonald@novadx.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Gavin McMillan
(604) 633-2776 ext. 30
gmcmillan@novadx.com