New Found Gold AcquisitionVANCOUVER, British Columbia, March 06, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that further to its news release dated March 2, 2020 (https://www.novoresources.com/news-media/news/display/index.php?content_id=381), it has closed the subscription for 15,000,000 common shares of New Found Gold Corp. (“New Found”). The subscription price was paid by the issuance of 6,944,444 common shares of Novo (the “Novo Shares”). The Novo Shares are subject to a statutory hold period expiring on July 7, 2020. 15 millino shares..at approx $1.20 valuation.
Value today $9
do the math... ( $120M increase in value) .market massive miss on this.
We should be $4 plus just on this.
Good news here is the market will figure it out/pay for it soon!!