Novo Resources Corp T.NVO

Beatons Creek Gold Project was Earned

[Mineshack]

I have two points to make for anyone new to Novo Resources Corp. or this forum.
 
First, the following details are excerpts from past news releases that may be reviewed on Novo's website.

• In March of 2020 when Novo announced the issue of 6,944,444 common shares in exchange for 15,000,000 common shares of New Found Gold Corp., Dr. Quinton Hennigh explained at the time that Novo's board agreed the deal was good for its shareholders.

 

• August 4, 2020, Novo announced a signed agreement to acquire all the outstanding shares of privately held Millennium and its Beatons Creek conglomerate gold project to accelerate Novo’s planned transition to a producing gold company.

 

• In September of 2020, the Company announced that it closed the initial tranche of its $60 million four-year credit facility (the “Sprott Facility”)

 

• Today, August 8, 2022 Novo advised it has closed the sale of New Found Gold Corp shares for total gross proceeds of approximately C$125.9 million and its intention to pay-off the Sprott Facility.

 

The investment actions of Dr. Hennigh and the directors largely earned Novo its Beatons Creek conglomerate gold project.

After being locked-out of Australia for over two years, Dr. Hennigh returned there this past weekend. Look forward to his direct, hands-on influence and interview updates in the near future.
 

And my last point for those who may not already know, investors visiting this discussion should be warned about the multiple user names one basher tools to disrupt our conversation and dominate the board with offensive attacks. We can't always recognize a good post by the number of likes because that person likes itself. This miserable individual's time is cheap and the ignore option is very applicable.
 

Good luck to everyone else though.
 

Nullagine Gold Project
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[BillieBass]

This post has been removed in accordance with Community Policy

[PeterThomas]

Novo and QH both frauds.

[BillieBass]

This post has been removed in accordance with Community Policy

[likeike]

Good post Mineshack ....think you hit the only points you need to know before  getting into a very complicated story with so many sidebars. IKE

[mortgages101]

Mineshaft correct novo made $125M less taxes for the NFG sale in exchange for novo shares which are rather worthless to NFG. Good deal for one not for the other. Problem is they spent $300M around BC only to put it on care and maintenance so any gain on the NFG transaction was swallowed by the loss at BC. 

[PeterThomas]

What about that midnight video.  Faked ?