Novo is pleased to announce Leachwell analytic results from nineteen new reverse circulation drill holes from its Phase Two drill program at its Beatons Creek Gold Project, Western Australia. The Company has also received high-grade assays from surface samples collected from extensions of gold-bearing conglomerates. "Recent exploration results demonstrate the potentially very large size of our target at Beatons Creek [...]
Novo Resources announces that 95% of the warrants issued in a private placement in January, 2011 have been exercised for gross proceeds of $1,642,500. "We are very pleased to see strong support from shareholders through the exercise of these warrants," commented Dr. Quinton Hennigh, President and CEO of Novo Resources Corp. "Our tight share structure, strong shareholder support and the money from this exercise combined [...]
Novo Resources reports that it has entered into an agreement with Pinetree Capital Ltd. whereby Novo Resources has agreed to issue 1,428,571 common shares at a deemed price of $0.70 per share in consideration for the issuance of 1,176,470 common shares of Pinetree Capital at a deemed price of $0.85 per share. The transaction is expected to close by mid-January, 2013. All of the securities will be subject to a hold period [...]
Novo is pleased to report that it has closed its previously announced brokered private placement raising gross proceeds of $1,000,025, in escrow, by the issuance of 1,538,500 subscription receipts at a price of $0.65 per Receipt. Each Receipt will be convertible, at no additional cost, into one unit upon the satisfaction of certain conditions. Each Unit will consist of one common share and one common share purchase [...]
Novo is pleased to announce Leachwell analytic results from thirty new reverse circulation drill holes in its Phase Two program at its Beatons Creek Gold Project, Western Australia. Results include 4 meters at 10.09 grams per tonne (gpt) gold including 1 meter at 38.98 gpt gold in hole BCRC12-092 and 8 meters at 3.63 gpt gold including 1 meter at 27.19 gpt gold in hole BCRC12-111. The strong intercept from hole BCRC12-111 [...]
Novo is pleased to announce that it has entered into a securities purchase agreement with Evolving Gold, whereby the Company has agreed to purchase from Evolving Gold 1,987,527 common shares and 833,333 share purchase warrants of Prosperity Goldfields in consideration for $1,000,000. Of these securities, 1,192,516 of the Prosperity Shares and 500,000 of the Prosperity Warrants will be held in escrow as of the anticipated [...]
August 17, 2011, Novo Resources Corp. ("Novo" or the "Company") (CNSX: NVO) is pleased to announce that it has entered into a farm-in and joint venture agreement (the "Agreement") with Millennium Minerals Ltd. (ASX: MOY) ("Millennium") that provides Novo with the exclusive right to earn a 70% interest (as to gold and minerals associated with and normally mined with gold) in the tenements comprising Mining Leases 46/9 [...]
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