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 paulindoonon Aug 25, 2017 10:47am

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Post# 26621260

RE:RE:RE:RE:Open wide

I checked the NR re the offering. Seems that each stock had a warrant attached and each warrant is good to purchase 1 stock in future at 0.90 - I miswrote that 2 warrants would be needed to buy 1 stock.

fm the NR of April 6th
https://www.novoresources.com/_resources/news/2017-04-06.pdf

Each Unit will be comprised of one common share (a “Common Share”) of the Company and one transferable common share purchase warrant (a “Warrant”), each Warrant entitling the holder thereof to acquire one common share of the Company at a price of C$0.90 for a period of 24 months from the date of closing of the Increased Offering.

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