MONTREAL, QUEBEC-(May 13, 2015) - NovX21 Inc. (TSX VENTURE:NOV) announced today that it has agreed with Jones Gable & Company Limited to extend the closing date of the private placement, initially set on or around May 7, 2015.
The financing is progressing well and the Company needs more time to finalize it.
NovX21 operates 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 recycling end-of-life PGM containing components while meeting global "green" standards for the automobile industry.
Nicole Blanchard, Managing Partner
Sun International Communications
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