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Novo Resources Corp
Symbol NVO
Shares Issued 341,945,455
Close 2023-12-28 C$ 0.15
Market Cap C$ 51,291,818
Recent Sedar Documents

Novo closes $1.8M (Australian) investment by Liatam

2023-12-29 11:53 ET - News Release

Mr. Michael Spreadborough reports

LIATAM MINING INVESTMENT CLOSED

The additional investment by Liatam in Novo Resources Corp. of $1.8-million (Australian) (approximately $1.6-million (Canadian)) has closed and the nine million common shares subscribed for have been issued at a price of 20 Australian cents (18 Canadian cents) per share, increasing its shareholding from approximately 3 per cent to approximately 6 per cent. Liatam has a right to transmute the issued shares into ASX CDIs following expiry of the four-month hold period to which the purchased shares are subject.

The finances received are intended to be utilized to advance Novo's Pilbara exploration drilling and reconnaissance programs in the southern Egina gold camp at Nunyerry North, the Balla Balla gold project, and at the Belltopper project in Victoria.

This investment follows the formation of the Quartz Hill joint venture between Novo and Liatam.

About Novo Resources Corp.

Novo explores and develops its prospective land package covering approximately 7,500 square kilometres in the Pilbara region of Western Australia, along with the 22-square-kilometre Belltopper project in the Bendigo tectonic zone of Victoria, 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.

We seek Safe Harbor.

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