This article has been disseminated on behalf of Nevada Organic Phosphate Inc. and may include paid advertising.
Nevada Organic Phosphate (CSE: NOP) a B.C.-based company focused on organic sedimentary phosphate exploration, announced the signing of an agreement that results in 100% ownership of its Murdock Mountain Project and the elimination of certain net smelter return royalty liabilities. Under the agreement with Montecinos Family Trust, the Company purchased and cancelled a 2% net smelter return royalty and all related payment obligations in exchange for US$50,000 and the issuance of 1,000,000 common shares, subject to Canadian Securities Exchange approval, providing greater strategic flexibility, including the potential formation of joint ventures with arm’s-length parties.
To view the full press release, visit https://ibn.fm/S6iVA
About Nevada Organic Phosphate Inc.
NOP is a junior exploration company with an organic sedimentary raw rock phosphate bed, 6.6 kilometres long, in northeast Nevada. Additional applications extend the potential strike of rock phosphate to over 30 kilometres. This is believed to be the only known large-scale organic sedimentary phosphate project in North America. It is situated close to the main highway to Montello/Elko, Nevada, and near the rail head to California.
NOTE TO INVESTORS: The latest news and updates relating to NOP are available in the company’s newsroom at https://ibn.fm/NOP
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