This article has been disseminated on behalf of Nevada Organic Phosphate Inc. and may include paid advertising.

Nevada Organic Phosphate (CSE: NOP; OTCQB: NOPFF) announced the closing of the second and final tranche of its previously announced non-brokered private placement, raising gross proceeds of $705,734 through the issuance of 3,920,744 units at $0.18 per unit. Combined with the first tranche, the offering generated aggregate gross proceeds of approximately $5.75 million. The company said proceeds are expected to be used to fund a Phase 2 drill program at its Murdock Mountain Property and for general working capital, while all securities issued under the second tranche remain subject to applicable hold periods and regulatory approvals.

To view the full press release, visit https://ibn.fm/YDQx9

Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF)

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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This contant was orignally distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is MiningNewsBreaks – Nevada Organic Phosphate Inc. (CSE: NOP; OTCQB: NOPFF) Closes Final Tranche of Private Placement, Raising Total of $5.75 Million.