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NovX21 Provides Correction to Press Release Regarding Private Placement

NovX21 Provides Correction to Press Release Regarding Private Placement

NovX21 (TSXV:NOV) made a correction regarding the participation of existing shareholders in a private placement as described in its previous press release. Net proceeds of the financing will be used for the financing of a new commercial plant for the recovery of platinum group metals and for general corporate purposes.

NovX21 Shareholders Invited to Participate in Ancillary Private Placement

NovX21 Shareholders Invited to Participate in Ancillary Private Placement

NovX21 (TSXV:NOV) invites existing shareholders to participate in the proposed ancillary private placement. Shareholders who, as of the share register record date of April 7, 2015, held Common Shares of NovX21 and continue to hold Common Shares at the time of closing, may participate in the Ancillary Private Placement.

NovX21 Announces a Private Placement to Finance New Commercial Plant in Quebec

NovX21 Inc. (TSXV:NOV) announced it is undertaking a private placement for a minimum of 1,000 units and a maximum of 2,500 units of the company at a price of $1,000 resulting in maximum gross proceeds of $2,5000,000. The net proceed will be used to complete the financing of a new commercial plant for the recovery of precious metals in Thetford Mines, Quebec.

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Market News

US Palladium Imports from Italy, Switzerland Up in 2014

Mining Weekly reported that according to the US Geological Survey, the United States imported larger-than-usual amounts of unwrought palladium from Italy and Switzerland last year.

Palladium ETFs Suffer Big Outflows

Reuters reported that last week, palladium-backed ETFs saw their biggest outflows since August 2014. That week the palladium price fell as gold, silver and platinum prices rose — that's in contrast to "the trend of the last two years."

Palladium ETF to Shine this Year

ETF Trends reported that the low price of gas and cheap bank loans may attract more automobile buyers in 2015. As a result, the ETFS Physical Palladium Shares (ARCA:PALL) should shine this year.

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