Novadel Pharma Inc. (fka NVDL)

[Schris]

Does anyone know if there was a "lockout period" on the sale of the 50M Shares that NVDL received from SUDA? This would preclude NVDL from selling these shares for a period of time.

The option on the 10M shares at 5 cents each expires on 31 Dec 2015.

Here is a link to the info:

http://www.sudaltd.com.au/attachments/article/28/638%20NovaDel%20shareholders%20approve%20Suda%20Acquisition%2023%20july.pdf


Acquisition Price

The acquisition price of the NovaDel Intellectual Property
is broken into 3 components:

1. Cash US $400,000

2. Shares 50,000,000 shares to be issued on closing

3. Options 10,000,000 unlisted options to be issued on closing with exercise price at 5 cents, expiry date 31 December 2015.