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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

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

Bullboard Posts
Comment by Redflameon Aug 05, 2020 5:28pm
122 Views
Post# 31369343

RE:RE:RE:RE:Private Placement

RE:RE:RE:RE:Private Placement
TXRogers wrote:
Redflame wrote: Obviously Kirkland Lake doesn't think Novo is worth $6 a share and Kirkland Lake is the largest shareholder.  I think I'll trust Kirkland's opinion over yours,  no offense meant.


What's a little more mysterious (and masked) are the pro-rata investors of this PP.  

We'll see how much cut back the retail investors experience when the placement is closed at whatever amount it ends up.

Assumptions on who is interested and who is not are all premature at this point.  That's how these things work.

Tx



Hi Tx, told you it would cost over $100 million but you already knew that I suppose.  Did MOY's illegal use of water come up during the negotiations?  I never heard back from you on how you knew about the water issue but I've already concluded that you're a Novo insider.  But it's all good.  Your posts are great.

Best

Bullboard Posts