Novadx Enters Into Option Agreement to Acquire Mineral Rights to a Historical Estimated 172 Million Ton

Novadx (PINK:NDXFF) announced that its wholly owned subsidiary, MCoal Corporation has entered into an option agreement dated August 12, 2010, to acquire a mineral deed from The Miami Land Company, of Chattanooga, Tennessee.

The press release is quoted as saying:

Novadx is a Vancouver-based Investment Company whose primary focus is on providing merchant banking services to natural resource companies. Novadx structures and makes direct equity investments as a principal and provides management and other related services to companies in specific resource sectors.

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