Novus Gold closes Flow-Through Share Financing With Canaccord Financial

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.

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