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POI

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Share Name Share Symbol Market Type
TSXV:POI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

NovX21 (Previously Pro-Or) Closes Second Tranche of Private Placement

08/01/2014 4:51pm

Marketwired Canada


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sylvain Boulanger, P.Eng.
President & CEO
info@novx21.com
(514) 506-9121


Nicole Blanchard, Managing Partner
Sun International Communications
nicole.blanchard@isuncomm.com
(450) 973-6600


Christine Young
Vice President, Institutional Sales
Euro Pacific Canada Inc.
christine.young@europac.ca
416-479-8690

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