Precious Metals

Not for Distribution to United States Newswire Services or for dissemination in the United States

Novo Resources Corp. (" Novo " or the " Company ") (TSX-V: NVO) is pleased to announce that the TSX Venture Exchange (the " TSXV ") has accepted for listing 7,476,687 common share purchase warrants. The TSXV has advised that these share purchase warrants will be listed for trading on the TSXV under the symbol "NVO.WT" effective at market open on Tuesday, November 10, 2020.

A total of 17,192,379 subscription receipts (the " Subscription Receipts ") were issued pursuant to the Company's brokered and non-brokered private placements (the " Financings ") which closed on August 27, 2020 ( please see the Company's news release dated August 27, 2020 for further details ). The Financings were completed in conjunction with the acquisition of Millennium Minerals Limited ( please see the Company's news releases dated August 4, 2020 and September 8, 2020 ). Each Subscription Receipt automatically converted into one unit of Novo (an " Unit ") following the issuance of receipts for the Company's final short form prospectuses ( please see the Company's news release dated October 27, 2020 for further details ). Each Unit is comprised of one common share of Novo (a " Share ") and one-half of one Share purchase warrant. Each whole Share purchase warrant (" Warrants ") entitles the holder thereof to acquire one common share of the Company at an exercise price of C$4.40 until August 27, 2023.

Of the 8,596,184 Warrants issued upon conversion of the Subscription Receipts, 1,119,497 are subject to trading restrictions under U.S. securities laws and therefore are not eligible for listing at this time.

The Warrants are governed by a warrant indenture between the Company and Olympia Trust Company dated August 27, 2020, a copy of which is available under the Company's profile at www.sedar.com . Warrant holders with any questions are encouraged to contact Leo Karabelas at leo@novoresources.com or +1-416-543-3120.

About Novo Resources Corp.

Novo is advancing its flagship Beatons Creek gold project to production while exploring and developing its highly prospective land package covering approximately 14,000 square kilometres in the Pilbara region of Western Australia. In addition to the Company's primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com .

On Behalf of the Board of Directors,

Novo Resources Corp.

" Quinton Hennigh "

Quinton Hennigh
President and Chairman

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release does not constitute an offer for sale, or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the " 1933 Act ")) of any equity or other securities of Novo. The securities of Novo have not been, and will not be, registered under the 1933 Act or under any state securities laws and may not be offered or sold in the United States or to a U.S. Person absent registration under the 1933 Act and applicable state securities laws or an applicable exemption therefrom.

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

gold bars with chart

VIDEO — GoldMining: Gold Equities Caught in Broad Selloff, Sentiment Will Rebound

GoldMining: Gold Equities Caught in Broad Selloff, Sentiment Will Reboundyoutu.be

Although gold's performance in 2022 has disappointed some investors, the yellow metal's price is still high by historical standards and it remains a safe haven in tumultuous times.

Speaking to the Investing News Network at the Rule Symposium, Alastair Still, CEO of GoldMining (TSX:GOLD,NYSEAMERICAN:GLDG), pointed out that general market activity has weighed on gold.

"There's been a little bit of fear out there — there's concerns about inflation, talk of recession … people are trying to navigate the waters. It can get a little complicated," he said at the event, held at the end of July.

Keep reading...Show less

Visible Gold in First Holes Drilled into No9 Vein at Elizabeth

Tempus Resources Ltd ("Tempus" or "the Company") (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to announce that it has intersected wide zones of mineralisation containing visible gold in two drill holes targeting the No. 9 Vein (EZ-22-19 and EZ-22-20) at the Elizabeth Gold Project in Southern British Columbia, Canada

HIGHLIGHTS

News Provided by ACCESSWIRE via QuoteMedia

[subscribe_company_profile use_post="101618410"]

Keep reading...Show less
Sarama Resources

Management’s Discussion and Analysis of Financial Results

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to present the Management’s Discussion and Analysis of Financial Results for the three months (second quarter) and six months ended June 30, 2022


Keep reading...Show less
Sarama Resources

Condensed Interim Consolidated Financial Statements

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to present the Condensed Interim Consolidated Financial Statements for the three months and six months ended June 30, 2022 (Unaudited).


Keep reading...Show less
Gold Springs Resource Demonstrates Extension of Gold Mineralization of its South Jumbo Resource

Gold Springs Resource Demonstrates Extension of Gold Mineralization of its South Jumbo Resource

Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the "Company" or "GRC"), has received assays from the final drill holes at South Jumbo as part of the 2022 drill campaign on its large Gold Springs project located in USA, on the border of Nevada and Utah, one of the best mining jurisdictions in the world.

Highlights include:

Keep reading...Show less

Barrick Supports Flood Relief in Balochistan

All amounts expressed in US dollars.

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is contributing $150,000 to Balochistan's Provincial Disaster Management Authority (PDMA) to support its relief efforts in the wake of unprecedented floods in the region. Remote communities in the province were hardest hit by the heavy monsoon rains which killed more than 500 people in Pakistan.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×