Novo Resources Corp. is pleased to provide an operational update, including from its Beatons Creek gold project on which development activities have commenced, and from refurbishment works on infrastructure recently acquired pursuant to the acquisition of Millennium Minerals Ltd. which are proceeding on schedule . Refurbishment works on Millennium’s infrastructure is proceedings as follows: Plant refurbishment works: Novo [...]
Novo Resources Corp. is pleased to announce that mapping and surface rock sampling indicate the possibility of considerable extensions of the Beatons Creek conglomerate gold system. Highlights: The main M1 and M2 conglomerate gold lodes at the Beatons Creek gold project have been traced at surface along the western side of the Grant’s Hill fault, adding some 1.6 km of surface strike length, and remain open to the west [...]
Novo Resources Corp. is pleased to announce that the TSX Venture Exchange has accepted for filing documentation pertaining to Novo’s terms sheet with Kalamazoo Resources Ltd. dated September 22, 2020 whereby Novo has been granted an option to acquire an initial 50% interest in Kalamazoo’s Queens Project in Victoria, Australia. Accordingly, Novo has initiated the six-month due diligence period under the Terms Sheet. Please [...]
Novo Resources Corp. is pleased to announce that it has exercised its option to earn a 50% interest in the Malmsbury gold project held by ASX-listed GBM Resources Limited . Transfer of the Interest to Novo is subject to approval from the Victorian Department of Jobs, Precincts and Regions and the Australian Foreign Investment Review Board . Please see the Company’s news releases dated March 30, 2020 and April 6, 2020 for [...]
Novo Resources Corp. is pleased to announce that it has been granted an option and an additional earn-in right to acquire an initial 50% interest in ASX-listed Kalamazoo Resources Ltd.’s Queens gold project located in the Bendigo zone of Australia’s Victorian goldfields , with the possibility of an increase to an 80% interest, as described below. The Transaction is subject to approval of the TSX Venture Exchange and other [...]
Novo Resources Corp. is pleased to announce that it has signed a binding terms sheet with ASX-listed Calidus Resources Ltd. to sell a portion of the Company’s Blue Spec project for gross cash consideration of A$19.5 million . The Transaction is subject to the satisfaction of certain conditions precedent including Calidus arranging sufficient financing to pay the Cash Consideration, the execution of various deeds of [...]
Novo Resources Corp. is pleased to announce that it has reached first completion with respect to its previously announced binding terms sheet with Mark Creasy and entities controlled by him and issued 2,582,269 common shares of the Company to the Creasy Group . The First Completion Shares are subject to a statutory hold period expiring on January 15, 2021. Immediately subsequent to the issuance of the First Completion [...]
Novo Resources Corp. is pleased to announce that Novo’s recently acquired wholly-owned subsidiary, Millennium Minerals Ltd. , has today settled all debts it owed to IMC Resources Gold Holdings Pte Ltd and IMC Resources Investments Pte Ltd . Please see the Company’s news releases dated August 4, 2020, and September 8, 2020 for further details. All amounts are in United States dollars unless indicated otherwise. Millennium [...]
Novo Resources Corp. is pleased to announce that it has closed its previously announced private placement of units of the Company with Sprott Private Resource Lending II , LP raising gross proceeds of C$4,724,278 . The Offering was undertaken in conjunction with Sprott’s US$60 million four-year loan and Novo’s acquisition of Millennium Minerals Ltd. . Sprott subscribed for 1,453,624 units at a price of C$3.25 per Sprott [...]
Novo Resources Corp. is pleased to announce that it has completed the acquisition of all of the outstanding shares of privately held Millennium Minerals Ltd. from IMC Resources Gold Holdings Pte Ltd, Heritas Capital Management Pty Ltd, and IMC Resources Ltd first announced in the Company’s news release dated August 4, 2020. All amounts are in United States dollars unless indicated otherwise. The Company is also pleased to [...]
Novo Resources Corp. is pleased to announce that it has closed its previously announced and increased brokered and concurrent non-brokered private placements of subscription receipts of the Company to raise gross proceeds of approximately C$56 million . The Offering was undertaken in conjunction with Novo’s planned acquisition of Millennium Minerals Ltd. . Gross proceeds of approximately C$51 million were raised from the [...]
Novo Resources Corp. is pleased to announce that due to demand from investors, it has increased the size of the previously announced non-brokered private placement of subscription receipts of the Company, from C$3 million to C$5 million . The Increased Non-Brokered Offering is being undertaken in conjunction with Novo’s planned acquisition of Millennium Minerals Ltd. . Under the Increased Non-Brokered Offering, the [...]
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