Novo Resources Corp. is pleased to announce that it has closed its previously announced private placement of units of the Company with Sprott Private Resource Lending II , LP raising gross proceeds of C$4,724,278 . The Offering was undertaken in conjunction with Sprott’s US$60 million four-year loan and Novo’s acquisition of [...]
Novo Resources Corp. is pleased to announce that it has completed the acquisition of all of the outstanding shares of privately held Millennium Minerals Ltd. from IMC Resources Gold Holdings Pte Ltd, Heritas Capital Management Pty Ltd, and IMC Resources Ltd first announced in the Company’s news release dated August 4, 2020. All amounts are in [...]
Novo Resources Corp. is pleased to announce that it has closed its previously announced and increased brokered and concurrent non-brokered private placements of subscription receipts of the Company to raise gross proceeds of approximately C$56 million . The Offering was undertaken in conjunction with Novo’s planned acquisition of [...]
Novo Resources Corp. is pleased to announce that due to demand from investors, it has increased the size of the previously announced non-brokered private placement of subscription receipts of the Company, from C$3 million to C$5 million . The Increased Non-Brokered Offering is being undertaken in conjunction with Novo’s planned acquisition of [...]
Novo Resources Corp. is pleased to announce that due to demand from investors, it has increased the size of the previously announced private placement of subscription receipts of the Company from C$30 million to C$42.5 million and the size of the agents’ over-allotment option from 15% to 20% in conjunction with its planned acquisition of [...]
Novo Resources Corp. is pleased to announce that it has today signed an arm’s length agreement to acquire all of the outstanding shares of privately held Millennium Minerals Ltd. from IMC Resources Gold Holdings Pte Ltd, Heritas Capital Management Pty Ltd, and IMC Resources Ltd . Millennium’s assets are located approximately 10 km south of Novo’s [...]
Novo Resources Corp. is pleased to announce that it has voluntarily filed a technical report prepared pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects for its Egina gold project. The independent technical report, entitled NI 43-101 Technical Report: Egina Alluvial Project, Pilbara Region, Western Australia , with [...]
Novo Resources Corp. is pleased to announce that it has completed the acquisition of three exploration licences comprising an area of approximately 19 km2 located 75 km north-east of the town of Nullagine, Western Australia and adjacent to numerous Novo wholly-owned tenements . The Company has issued an aggregate 324,506 common shares and paid AUD [...]
Novo Resources Corp. is pleased to report positive mobile alluvial Knudson sampling results from across its 100% owned Egina mining lease, M47/560, indicating widespread gold potential within terrace gravels. The Egina mining lease is a small part of the Company’s overall terrace holdings, representing approximately 5 sq km out of nearly 2,500 sq [...]
Novo Resources Corp. is pleased to announce that it is in advanced discussions with Steinert Australia Pty Ltd to procure a 1.0m wide KSS 100F LIXT fine mechanical sorting unit, to be deployed at the Company’s wholly-owned Purdy’s Reward and Comet Well JV gold projects during the 2020 field season . The sorter will be manufactured by Steinert in [...]
Novo Resources Corp. is pleased to announce that it has entered into a binding terms sheet with Mark Creasy and entities controlled by him pursuant to which Novo will consolidate sole ownership of 510km2 of existing tenure and acquire ownership of an additional 2,390km2 of highly prospective new tenure in the Pilbara region of Western Australia [...]
Novo Resources Corp. is pleased to announce that it has entered into an option agreement with Bellary Dome Pty Ltd for the option to acquire the gold rights in exploration licence 47/3555 located in the Southern Pilbara region of Western Australia . The Option is conditional upon the removal of a caveat currently registered against the Tenement by [...]
