NOP Completes Funding Round for Phosphate Exploration

Silver Eagle Mines Inc. (TSE:NOP) has released an update.

Nevada Organic Phosphate Inc. (NOP), a company specializing in organic phosphate exploration in Nevada, has successfully closed the fourth tranche of its non-brokered private placement, raising $75,000 by issuing 1.5 million units at $0.05 each. These funds are expected to further the development of NOP’s Murdock Property and support general working capital needs. Each unit sold includes a share and a warrant, with the warrant allowing the purchase of an additional share at $0.10 within five years.

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