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Novo Completes Malmsbury Option Exercise with GBM Resources Limited


Novo Completes Malmsbury Option Exercise with GBM Resources Limited
Novo Resources Corp. is pleased to advise that it has completed its option exercise to earn a 50% interest in the Malmsbury gold project held by ASX-listed GBM Resources Limited following the satisfaction of all conditions precedent, including receipt of Australian Foreign Investment Review Board approval . Novo has issued 1,575,387 common shares to GBM as consideration for the exercise of the option. The Option …
Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to advise that it has completed its option exercise to earn a 50% interest in the Malmsbury gold project (the “ Malmsbury Project ”) held by ASX-listed GBM Resources Limited (ASX: GBZ) (“ GBM ”) following the satisfaction of all conditions precedent, including receipt of Australian Foreign Investment Review Board approval (refer to the Company’s news releases dated March 30, 2020 Se ....

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NV Gold Corporation: NV Gold Signs up to US$10 Million Option Deal with Hochschild on its 100% Controlled SW Pipe Gold Project


NV Gold Corporation: NV Gold Signs up to US$10 Million Option Deal with Hochschild on its 100% Controlled SW Pipe Gold Project
NV Gold or the
Company ) reports that Hochschild Mining (US) Inc. ( HOC US ), a subsidiary of Hochschild Mining PLC ( Hochschild ) (LSE:HOC), has entered into an option agreement (the Agreement ) with it in respect of the Company s 100% controlled SW Pipe Gold Project (the Property ), located along the Cortez Gold Belt approximately 6 km southwest of the Pipeline Gold Mine operated by Nevada Gold Mines (joint venture between Barrick Gold Corp. and Newmont Corporation).
Highlights of the Option Agreement:
Within 30 days of signing the Agreement HOC US will pay the Company US$50,000 plus the annual renewal costs of the Property in 2020. ....

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Novo Announces C$22 Million Private Placement Led by Clarus Securities and Stifel GMP


VANCOUVER, British Columbia, April 14, 2021 (GLOBE NEWSWIRE)
Novo Resources Corp. (“
Novo” or the “
Company”) (TSX: NVO & NVO.WT; OTCQX: NSRPF) has appointed Clarus Securities Inc. and Stifel GMP as co-lead agents on behalf of a syndicate of agents, to raise, by way of a marketed private placement, C$22 million ‎(or up to C$26.4 million if the Agents’ Option (as defined below) is exercised in full) (the “
Offering”).
Pursuant to the proposed Offering, the Company will issue special warrants (“
Special Warrants“) of the Company at a price of C$2.55 per Special Warrant. Each Special Warrant will be convertible into one unit of the Company (each, a “ ....

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Novo Reports Amendment of Sprott Credit Facility


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. ....

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