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Vancouver, British Columbia--(Newsfile Corp. - February 12, 2024) - Nevada Organic Phosphate Inc. (CSE: NOP) ("NOP" or the "Company), a B.C. based company engaged in the exploration for organic sedimentary raw rock phosphate in Nevada, is pleased to announce it has entered into a consultant agreement (the "Consulting Agreement") with an independent consultant Integrity Media Inc. (the "Consultant") with respect to the Consultant agreeing to serve as the Company's Manager of Government Relations for a term of (1) one-year, led by its president, Kurt Divich. In consideration for the appointment and services over the term of the Consulting Agreement, the Company has agreed issue 800,000 common shares (each, a "Share") to the Consultant at a deemed price of $0.05 per Share.
The Company also announces it has entered into a consultant agreement (the "Agreement") with an independent consultant (the "Independent Consultant") pursuant to which the Independent Consultant has agreed to provide the Company general corporate development and business marketing services for a (3) three-month term. As consideration for services over the term of the Agreement the Company has agreed issue 260,000 common shares (each, a "Share") to the Independent Consultant at a deemed price of $0.05 per Share.
Accordingly, all the Shares are to be issued pursuant to the prospectus exemption provided under Section 2.24 of National Instrument 45-106 - Prospectus Exemptions and are subject to a hold period of four months and one day.
Nevada Organic Phosphate Inc.
NOP is a junior exploration company with a sedimentary rock phosphate property (the "Murdock Property") hosting a nearly flat lying sedimentary bed of known phosphate mineralization in NE Nevada.
The increasing interest in organic and sustainable agriculture practices has contributed to the demand for organic fertilizers, including those derived from rock phosphate. Organic rock phosphate is often marketed as a fertilizer that not only provides phosphorus but also contributes to overall soil health.
The Issuer aims to be one of the only certified organic rock phosphate producers with large scale potential in North America. The Murdock Property is situated adjacent to a main highway and the rail head to California.
For More Information
Robin Dow, CEO
T: 604.355.9986
E: robin@dowgroup.ca
Neither the Canadian Securities Exchange nor its regulations services providers have reviewed or accept responsibility for the adequacy or accuracy of this release.