Novus Gold closes Flow-Through Share Financing With Canaccord Financial

- April 5th, 2010

Novus Gold Corp. (TSX VENTURE:NOV) reported that further to its news release of March 16, 2010, it has closed a private placement of 7,762,500 flow-through shares at a price of $0.40 per FT Share for gross proceeds of $3,105,000.

Novus Gold Corp. (TSX VENTURE:NOV) reported that further to its news release of March 16, 2010, it has closed a private placement of 7,762,500 flow-through shares at a price of $0.40 per FT Share for gross proceeds of $3,105,000.

The press release is quoted as saying:

The gross proceeds from the sale of the FT Shares will be used for Canadian Exploration Expenses related to the exploration of the Company’s REN Property in the Northwest Territories.

Click here to access the entire press release

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