Original purchase of shares by Newmont Canada HoldingsVANCOUVER, September 12, 2013 - Novo Resources Corp. (“Novo” or the “Company;” CNSX: NVO; OTCQX: NSRPF) welcomes Newmont Canada FN Holdings ULC ("Newmont"), a subsidiary of Newmont Mining Corporation, as a new, major shareholder. On September 4, 2013, Newmont announced that it had acquired beneficial ownership of 17.76 million (approximately 35.7% after giving effect to the exercise of certain warrants in connection with the transaction) of the outstanding common shares of Novo pursuant to private agreements with two of the Company’s shareholders. Newmont has reported that it is acquiring the common shares of Novo for investment purposes and may, subject to market conditions, take other actions in respect of Novo, including making additional investments in, or effecting dispositions of, securities of Novo.
On Sept 4, 2013 the NVO.V closing price was $0.80. So Newmont Canada made a 100% profit on the shares sold to whoever on August 31, 2017.