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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Metals & Mining Gold
Novo Resources Corp. is engaged in evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. The Company explores and develops its prospective land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. The Company operates through two segments: care & maintenance operations and exploration operations.


TSX:NVO - Post by User

Novo Resources Corp
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Comment by battlereadyon Aug 04, 2017 3:32pm
216 Views
Post# 26549260

RE:RE:RE:RE:RE:Mkt Cap is US $ 267M (not $700M...)

RE:RE:RE:RE:RE:Mkt Cap is US $ 267M (not $700M...)

For your information NOVO invested into Evolving Gold in 2012 and lost money as well. I can't believe the board allowed the CEO of Novo do invest into another junior. Just dumb. 

NOVO RESOURCES ANNOUNCES INVESTMENT IN EVOLVING GOLD CORP.

Novo Resources Corp. has purchased, through a non-brokered private placement, two million units of Evolving Gold Corp. at a price of 30 cents each, for a total investment of $600,000. Each unit consists of one common share of Evolving Gold and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share of Evolving Gold at a price of 40 cents each for a period of three years from the date of issue.


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