More news EVG is plying their coffers for a Nevada gold hunt! Interesting that Quinton is the one reporting this as part of Novo. Quinton is in a synergistic relationship with EVG once more.
Novo to acquire Prosperity Goldfield securities
Novo Resources Corp (C:NVO)
Shares Issued 31,199,993
Last Close 2/28/2012
.43
Wednesday February 29 2012 - News Release
Also Evolving Gold Corp (C:EVG) News Release
Also Prosperity Goldfields Corp (C:PPG) News Release
Mr. Quinton Hennigh of Novo reports
NOVO RESOURCES AGREES TO PURCHASE SECURITIES OF PROSPERITY GOLDFIELDS CORP.
Novo Resources Corp. has entered into a securities purchase agreement with Evolving Gold Corp., whereby the company has agreed to purchase from Evolving Gold 1,987,527 common shares and 833,333 share purchase warrants of Prosperity Goldfields Corp. in consideration for $1-million. Of these securities, 1,192,516 of the Prosperity shares and 500,000 of the Prosperity warrants will be held in escrow as of the anticipated closing date of this transaction.
The closing of the purchase of these securities is scheduled to occur contemporaneously with the closing of the proposed business combination of Prosperity Goldfields and Smash Minerals Corp. described in their joint news release dated Feb. 2, 2012. If the amalgamation is completed, Prosperity Goldfields shareholders will own about 74 per cent, and Smash Minerals shareholders about 26 per cent, of the amalgamated company.