Nevada Organic Phosphate Increases Unit Offering and Closes Final Tranche of $1,011,135 for Aggregate Gross Proceeds of $2,313,136

Executive Summary

• Nevada Organic Phosphate Inc. closed the second and final tranche of its non‑brokered private placement, raising $1,011,135 in gross proceeds.
• Combined with the first tranche, total capital raised to date equals $2,313,136, which will fund a Phase 1 drill program at the Murdock Property and general working capital.
• The offering consisted of 20,222,700 units priced at $0.05 each, each unit including one common share and half of a warrant exercisable at $0.10 per share for up to 60 months.

Key Details

• Units Issued (Second Tranche): 20,222,700 units @ $0.05 per unit → Gross proceeds: $1,011,135.
• Total Proceeds (Both Tranches): $2,313,136.
• Unit Composition: 1 common share + ½ warrant; each full warrant allows purchase of one additional share at $0.10 for 60 months from issue date.
• Finder’s Compensation: Fees of $89,750 paid; 1,795,000 Finder’s Units issued (each = 1 share + ½ Finder’s warrant). Cumulative finder fees to date $181,000 with 3,620,000 Finder’s Units issued.
• Use of Proceeds: Phase 1 drilling at the Murdock Property (expected start early October, completion by Oct 31) and general working capital.
• Warrant Acceleration Clause: If CSE VWAP ≥ $0.25 for 10 consecutive trading days, Company may accelerate expiry; accelerated warrants expire 30 days after notice.
• Statutory Hold Period: All securities subject to a hold period of four months + one day per NI 45‑102.
• Regulatory Conditions: Offering remains subject to CSE approval and other regulatory approvals; securities not registered under U.S. securities laws.

Notable Quotes

• Robin Dow, CEO: “The successful close of the second tranche provides us with the necessary capital to commence our Phase 1 drill program at Murdock and advance our exploration objectives.”