VANCOUVER, January 17, 2013 - Novo Resources Corp. (CNSX: NVO; OTCQX: NSRPF) ("Novo") announces that 95% of the warrants issued in a private placement in January, 2011 have been exercised for gross proceeds of $1,642,500.
"We are very pleased to see strong support from shareholders through the exercise of these warrants," commented Dr. Quinton Hennigh, President and CEO of Novo Resources Corp. "Our tight share structure, strong shareholder support and the money from this exercise combined with proceeds from our two recent private placements sets Novo apart from many junior companies struggling in this difficult environment. We now have sufficient funding to continue aggressive exploration drilling at Grants Hill and other new targets on our extensive land-holdings in the Pilbara, Western Australia in 2013."
In addition, Novo reports the closing of the transaction with Pinetree Capital Ltd announced in its news release of December 31, 2012. The shares issued are subject to a hold period expiring on May 16, 2013.
About Novo Resources Corp.
Novo Resources' focus is to evaluate, acquire and explore natural resource properties. Novo presently has joint ventures earning a 70% interest in two exploration properties, Beatons Creek and Marble Bar, situated in Western Australia. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.
"Quinton Hennigh" Quinton Hennigh, CEO and President
The Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
VANCOUVER, January 17, 2013 - Novo Resources Corp. (CNSX: NVO; OTCQX: NSRPF) ("Novo") announces that 95% of the warrants issued in a private placement in January, 2011 have been exercised for gross proceeds of $1,642,500.
