Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 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. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

TSX:NVO - Post by User

Novo Resources Corp

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Comment by battlereadyon Aug 04, 2017 3:32pm

218 Views

Post# 26549260

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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