Company News – Fri 11 Aug, 2017

NOVO ACQUIRES FURTHER INTERESTS IN KARRATHA REGION, WESTERN AUSTRALIA

Recently it seems that no matter what Novo does in the Karratha region it is viewed as very positive by the markets. Today is another example with the news below. The Company has acquired another project called the Pipeline Project. There are little details regarding the project but I will find out more from Quinton and his team in the coming weeks.

Please feel free to email me with any questions or points you would like Quinton to discuss – Fleck[at]kreport.com.

Click here to visit my last interview with John Kaiser were we discuss the recent Novo bulk sample.

Here’s the news….

VANCOUVER, BC, August 11, 2017 – Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) (“Novo” or the “Company”) is pleased to announce that Novo and one of its Australian subsidiaries have entered into an option agreement (the “Agreement”) with an arm’s length party (the “Optionor”) for the option to acquire the Optionor’s interest in certain tenements (the “Option”) in the Karratha region of Western Australia (the “Pipeline Project”). The Pipeline Project consists of seven prospecting licences, five exploration licences, six prospecting licence applications, three exploration licence applications and a miscellaneous licence application. The Option is conditional upon various statutory and contractual approvals and consents including, but not limited to, the receipt of approval of the TSX Venture Exchange.

An option fee payment of 500,000 Novo common shares (the “Initial Shares”) will be made upon receipt of TSX Venture Exchange approval. The Initial Shares will be subject to a statutory hold period expiring four months from the date of issuance.

At any time within 12 months of signing of the Agreement, the Company has the right to exercise its Option and purchase the Pipeline Project outright, subject to the Optionor retaining certain rights described below, by issuing 2,500,000 Novo common shares (the “Option Exercise Shares”) to the Optionor. The Option Exercise Shares will be subject to a statutory hold period expiring four months from the date of issuance. Transfer to Novo of the tenements comprising the Pipeline Project will be subject to the requisite approvals of certain Australian government authorities.

The Optionor will retain non-gold rights to the Pipeline Project and will retain a 1% gross royalty on production from the Pipeline Project if the Company exercises the Option.

About Novo Resources Corp. 

Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia and built up a significant land package covering approximately 10,000 km2. Novo also controls a 100% interest in approximately 2 sq km covering much of the Tuscarora Au-Ag vein district, Nevada. For more information, please contact Leo Karabelas at (416) 543-3120or e-mail leo@novoresources.com.

On Behalf of the Board of Directors,

Novo Resources Corp. 
“Quinton Hennigh” 
Quinton Hennigh
Chairman and President

 

Forward-looking information 

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, the statement as to the expected receipt of regulatory approval. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the receipt of TSX Venture Exchange approval.

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.

 


Comments:
  1. On August 11, 2017 at 10:13 am,
    b says:

    Everything on my list is down except novo.

    Notice an article which seemed “kinda doubtfull” from Bob and the price stalled or moved down a bit,(I know, profit taking) then a positive article from Bob and up it goes.
    Interesting tho.
    Bob could provide a sub service just to inform on up coming articles. lol

  2. On August 11, 2017 at 12:10 pm,
    JayT says:

    Seems like this is becoming the “Novo Resources Report” 🙂

    • On August 11, 2017 at 3:15 pm,
      OOTB Jerry says:

      Bob thinks you should visit the site……. 🙂

      • On August 11, 2017 at 3:18 pm,
        OOTB Jerry says:

        Heck, I think we all should visit the site, pick up some nuggets, and charge the expenses to BIG OWL………..

        • On August 11, 2017 at 4:51 pm,
          Bonzo Barzini says:

          When NSRPF gets to $72 a share I may visit the Pilbara. Beware the great Goana lizard.

      • On August 11, 2017 at 3:21 pm,
        OOTB Jerry says:

        see Bob M’s….321gold Aug 10 for details……..

    • On August 11, 2017 at 8:23 pm,
      Excelsior says:

      Portfolio Update: Recent Action

      The Hedgeless Horseman – August 11, 2017

      “First off I would like to say thank you to Mr. Novo Resources, Mr. GFG Resources, Mr. Dolly Varden Silver (all top 5 positions) and finally Mr. Telson Resources (which rocketed 47.50% today!) , who attributed to a new ATH in Horseman’s portfolio.”

      > Horseman’s portfolio performance:
      year to date: +48.55%
      Performance since 2016-01-01: +244.47%

      >> GDXJ performance:
      year to date: +6.39%
      Performance since 2016-01-01: +75.10%

      This weeks action

      * New position in:

      GFG Resources Inc

      ** Added to existing positions in:

      Redstar Gold Corp
      Otis Gold Corp
      Dolly Varden Silver Corp
      Brixton Metals Corp
      Impact Silver Corp

      *** Trimmed positions in:

      Novo Resources Corp (It’s continued rally forced me to offload due to position size getting out of hand)
      Telson Resources Inc

      http://www.thehedgelesshorseman.com/horsemans-portfolio/portfolio-update-recent-action/

  3. On August 11, 2017 at 12:19 pm,
    CFS says:

    Kirkland drills three m of 38 g/t Au east of Taylor

    2017-08-11 06:56 ET – News Release

  4. On August 11, 2017 at 12:20 pm,
    CFS says:

    Kirkland Lake holder Sprott increases holding to 10.3%

    2017-08-11 08:15 ET – News Release

    Mr. Eric Sprott, a shareholder, reports

    ERIC SPROTT ANNOUNCES PURCHASE OF SHARES OF KIRKLAND LAKE

    Eric Sprott, on Aug. 10, 2017, purchased through 2176423 Ontario Ltd. (his holding company), through market transactions on the Toronto Stock Exchange, 600,000 common shares of Kirkland Lake Gold Ltd., representing approximately 0.3 per cent of the outstanding shares, that resulted in Mr. Sprott directly and indirectly controlling 21,478,395 shares, representing approximately 10.3 per cent of the outstanding shares.

    • On August 11, 2017 at 7:15 pm,
      Excelsior says:

      It’s a wise move from Eric. Kirkland Lake has been solid for years and with their acquisition of the Crocodile Gold/Newmarket Gold assets they are a very solid company. Unfortunately everyone knows that so its mostly all priced in at this point.

  5. On August 11, 2017 at 12:26 pm,
    CFS says:

    off topic:
    crypto comments:
    https://www.youtube.com/watch?v=q048FZ14G_E

  6. On August 11, 2017 at 2:42 pm,
    CFS says:
  7. On August 11, 2017 at 9:34 pm,
    CFS says:

    Off Topic:
    The noose around HRC’s neck finally begins to tighten.

    http://thehill.com/blogs/blog-briefing-room/news/346055-judge-orders-new-search-for-hillary-clintons-benghazi-emails

    Unbelievably when the FBI search Hillary’s computer for Benghazi emails that was after she had used bleachbit.
    But the FBI failed to even look on the official state department .gov site for emails sent from Benghazi.
    They obviously were determined not to find anything.

    Of course, Huma Abedin and Hillary lied under oath and Abedin has left the country.

  8. On August 11, 2017 at 9:54 pm,
    Matthew says:

    Well my 3.50-3.60 expectation was smashed but my pitchfork proved to be too much for the bulls at closing time this week:

    http://stockcharts.com/h-sc/ui?s=NVO.V&p=W&yr=2&mn=7&dy=0&id=p56184462372&a=537045510

    A weekly RSI(14) reading of 92 is not something you see everyday!

  9. On August 11, 2017 at 9:59 pm,
    Matthew says:

    I posted this cup and handle chart when it was 71 cents:

    http://stockcharts.com/h-sc/ui?s=NVO.V&p=W&yr=3&mn=7&dy=22&id=p07603851295&a=518438075

  10. On August 12, 2017 at 2:05 am,
    CFS says:

    Off topic:
    https://www.yahoo.com/news/asteroid-shave-past-earth-inside-moon-orbit-esa-155009565.html

    This one is a near miss.

    Data is now showing the earth gets hit by a asteroid big enough to impact animal and plant life about once every 100,000 years, although the last impact that wiped out the north American wooly mammoth and the tree sloth happened only approx 14,000 years ago.
    (It may also have destroyed a human culture responsible for megalith structures)

  11. On August 15, 2017 at 2:25 am,
    Ulf says:

    That Novo has one heck of a ride these past few months. Sadly, i missed it.

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