NovaDx Ventures Corp. (TSXV:NDX) intends to conduct a non brokered private placement of 1,500,000,000 units at CAD 0.01 per unit for gross proceeds of CAD 15,000,000 on August 13, 2013. This is a recapitalization round of funding. Each unit will comprise of one common share and one-tenth share purchase warrant entitling the holder to acquire an additional common share of the company at an exercise price of CAD 0.01 for a period of five years from the date of the issuance of the warrants. The units issued in the transaction are subject to the hold period of four months and one day from the date of issuance. The transaction will involve participation from existing investor ITA Global Opportunities Fund for 20% stake in the company. The company will pay cash fees of 6% of the proceeds and will issue warrant equal to 6% of warrants issued by the company to Asperion Group LLC, which will act as an agent in the transaction. ABACI Capital Limited will also receive 5% of the proceeds from the sale of units purchased by arm's length subscribers introduced by it to the company as finder's fees.

The company will also issue loan for gross proceeds of CAD 5,000,000 which will mature in 24 months from the date of issuance. The loan will bear coupon of 12% per annum. The Company will also issue the lender bonus warrants to acquire 12,500,000 common shares of the company at an exercisable price of CAD 0.01 for a period of 5 years. The company will pay finder's fee of 2.5% of the amount of the secured loan.