RockBreaks – Nevada Organic Phosphate Inc. (CSE: NOP) Secures Full Ownership of Murdock Mountain Project and Eliminates NSR
This article has been disseminated on behalf of Nevada Organic Phosphate Inc. and may include paid advertising. Nevada Organic Phosphate (CSE: NOP) a B.C.-based company focused on organic sedimentary phosphate exploration, announced the signing of an agreement that results in 100% ownership of its Murdock Mountain Project and the elimination of certain net smelter return royalty liabilities. Under the agreement with Montecinos Family Trust, the Company purchased and cancelled a 2% net smelter return royalty and all related payment obligations in exchange for US$50,000 and the issuance of 1,000,000 common shares, subject to Canadian Securities Exchange approval, providing greater strategic…