Novo Reports Amendment of Sprott Credit Facility
Novo Resources Corp. is pleased to announce that it has entered into an agreement to amend certain terms of its outstanding US$60 million credit facility with Sprott Resource Lending Corp. and Sprott Private Resources Lending II LP and has drawn down an additional US$5 million. Novo drew down the first US$35 million tranche of the Facility in September 2020. In order to retain financial flexibility as Novo advances …
Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to announce that it has entered into an agreement to amend certain terms of its outstanding US$60 million credit facility (the “ Facility ”) with Sprott Resource Lending Corp. and Sprott Private Resources Lending II (Collector), LP (collectively, “ Sprott ”) ( please refer to the Company’s news releases dated August 4, 2020 and September 8, 2020 ), and has drawn down an additional US$5 million.