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 grape562000on Sep 06, 2017 8:11am

293 Views

Post# 26660175

RE:RE:RE:RE:RE:RE:RE:How Likely is a Hostile Takeover?

One more thing that I thing to consider and of course congratulations to all that got in early for a 5, 6 or 7 bagger.

That said, buying and holding is not always the winning strategy, but frontrunning a moonshot certainly is.

Eric Sprott's 2176423 Ontario Ltd., a 10% Holder, acquired 5,107,900 Common Shares on a direct ownership basis at a price of $0.660 through a private transaction on May 4th, 2017. The insider also acquired 5,107,900 Warrants with an exercise price of $0.900 until May 4, 2019. This represents a $3,371,214 net investment into the company's shares and an account share holdings change of greater than 100%.

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