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VANCOUVER, British Columbia, May 04, 2021 (GLOBE NEWSWIRE) --
Novo Resources Corp. ("
Novo" or the "
Company") (TSX:NVO, NVO.WT, OTCQX:NSRPF) is pleased to report that it has closed its previously announced brokered private placement (the "
Offering") of special warrants of the Company ("
Special Warrants") to raise gross proceeds of approximately C$26.4 million. A syndicate of agents led by Clarus Securities Inc. and Stifel GMP as co-lead agents, together with PI Financial Corp., Haywood Securities Inc., CIBC World Markets Inc., and Echelon Wealth Partners Inc. (collectively, the "
Agents"), exercised their over-allotment option to increase the size of the Offering from C$22 million to C$26.4 million.