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Novo Announces Agents Exercise of Over-Allotment Option and Closing of Brokered Financing Totaling C$26 4 Million

Share: 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.

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