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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.