Novo Resources Corp. Announces Non-Brokered Private Placement
![Novo Resources Corp. Announces Non-Brokered Private Placement](https://www.minenportal.de/media/goldseiten-news.jpg)
Finder's fees may be payable in connection with the Financing. The net proceeds from the Financing will be used by the Company for exploration expenditures on its mineral resources properties located in Western Australia and for general working capital purposes.
The Financing is subject to acceptance of the TSX Venture Exchange. The material change report filed in connection with the Financing will address the requirements of section 5.2(1) of MI 61-101. It will likely be filed less than 21 days before the expected closing of the First Tranche which is considered reasonable, given the uncertainty of market conditions, in order not to jeopardize the completion of the private placement.
About Novo Resources Corp.
Novo's focus is to evaluate, acquire and explore gold properties. Indirect subsidiaries of Novo hold a 100% interest in the core of the Beatons Creek project and a 70% interest in approximately 1,800 square kilometers surrounding Beatons Creek and at nearby Marble Bar in the Pilbara region, Western Australia. 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, CEO and President
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.
Not for distribution to United States Newswire Services or for dissemination in the United States