Nevada Organic Phosphate Ups Funding Goal

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

Nevada Organic Phosphate Inc., a company specializing in the exploration of organic phosphate in Nevada, has heightened its private placement target from $150,000 to $500,000 due to robust investor interest, planning to issue 10 million units at $0.05 each. The funding will facilitate the acquisition of a Prospecting Permit contingent on the BLM’s approval, which is expected to follow a 30-day public comment period on the company’s Environmental Assessment Reports. This financial move comes amidst the company’s ongoing efforts to maintain a tight capital structure, as evidenced by its fully diluted outstanding shares and warrants.

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