NovX21 (Previously Pro-Or) Closes Second Tranche of Private Placement
January 08 2014 - 12:51PM
Marketwired
NovX21 (Previously Pro-Or) Closes Second Tranche of Private
Placement
An amount of $1.2 million has been received for a total of $2.29
million to date
MONTREAL, QUEBEC--(Marketwired - Jan 8, 2014) - NovX21,
previously Pro-Or (TSX-VENTURE:POI), which operates a recovery
plant for precious metals of the Platinum Group, is pleased to
announce that it has closed a second tranche of the private
placement for $1.2 million which brings the total amount raised to
date to $2 million.
The Corporation authorized and completed a flow through share
placement for $299,000 at $0,13 including half a warrant at $0,20
for three years. This amount therefore is added to the private
placement for a total amount to date of $2.29 million.
As previously disclosed in the press releases of December
23,2013 the private placement could amount to a maximum of $3
million, is directed at qualified investors and is offered in Units
of one common share at $0.10 cents and one three-year warrant at
$0.20.
Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
About NovX21
NovX21operates an industrial prototype plant for the recovery of
Platinum Group Elements (Platinum, Palladium and Rhodium or PGMs).
The plant is located near Quebec City in St-Augustin-de-Desmaures.
Its patented process yields more than 97% recoveries of PGMs, and
is not only much less capital extensive but also operates much more
rapidly than conventional plants thus dramatically lowering the
amount of time that its customers capital is tied up as
work-in-process inventory. NovX21's mission is to sustainably
recover precious metals by the recycling of end-of-life PGM
containing components while meeting global "green" standards for
the automobile industry.
NovX21also holds the mineral rights to six mining properties and
has focused its exploration activities on the Menarik property in
the James Bay area, in the Province of Quebec, the site of a major
chromite deposit with occurrences of gold, nickel, copper and
platinum group metals (PGMs). The operation of NovX21's patented
and proprietary processes to such deposits may lead to a
breakthrough in low cost primary mining metallurgy in the near
future.
Sylvain Boulanger, P.Eng.President & CEOinfo@novx21.com(514)
506-9121Nicole Blanchard, Managing PartnerSun International
Communicationsnicole.blanchard@isuncomm.com(450) 973-6600Christine
YoungVice President, Institutional SalesEuro Pacific Canada
Inc.christine.young@europac.ca416-479-8690