Novo Resources Detailing The Kirkland Lake Financing
Quinton Hennigh, President and Chairman of Novo Resources joins me to answer some questions on the recent financing with Kirkland Lake Gold. We also look into the details around the Newmont sale of shares that it turns out went to Kirkland Lake.
Click download link to listen on this device: Download Show
or Aussie Dollars
VANCOUVER, British Columbia, Sept. 05, 2017 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to announce that it intends to undertake a non-brokered equity private placement (the “Financing”) and welcome Kirkland Lake Gold Ltd. (“KL”) as a new strategic investor. The Financing is expected to raise gross proceeds of approximately $56,000,000 by the issuance of 14,000,000 units (each a “Unit”) at a price of $4.00 per Unit. KL will subscribe for all of the Units to be issued in the Financing. Each Unit will consist of one common share and one share purchase warrant (each a “Warrant”), and each Warrant will entitle KL to purchase one additional common share of the Company at a price of $6.00 per share for a period of 36 months from the closing date. The Warrants are subject to an accelerated expiry whereby, starting one year from the close of the Financing, if the daily high trading price of Novo’s common shares exceeds $12.00 for a period of 20 consecutive trading days, Novo may provide notice of early expiry and the Warrants will expire 30 days thereafter.
Off topic: Is Fisher leaving before things really get bad: http://www.marketwatch.com/story/fed-vice-chairman-fischer-announces-resignation-citing-personal-reasons-2017-09-06
sorry posted the same thing below……before reading…… 🙂
ira morning
https://youtu.be/M5F10-MCU4k?t=30
Shanghai silver hits $19
When talking about dollars, you need to define whether it is US or Canadian dollars.
InShanghai silver hit 123.9 RMB.
You can do the math.
THE RATS ARE LEAVING THE SINKING SHIP>>>>>
http://www.zerohedge.com/news/2017-09-06/fed-vice-chairman-stan-fischer-resigns-personal-reasons
He will be almost 74 when his retirement is effective…..should have happened already.
Greedy for gain………
Just another screwed up plan……..
http://www.zerohedge.com/news/2017-09-06/insanity-pushing-inflation-higher-when-wages-cant-rise
I will be liquidating my holdings of Novo.
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Sep 5/17 Aug 31/17 Newmont Canada FN Holdings ULC Direct Ownership Common Shares 11 – Disposition carried out privately -11,830,268 $1.60
Aug 15/17 Aug 15/17 Sprott, Eric S. Indirect Ownership Warrants 11 – Acquisition carried out privately 2,772,000 $2.10
Aug 15/17 Aug 15/17 2176423 Ontario Ltd. Direct Ownership Warrants 11 – Acquisition carried out privately 2,772,000 $2.10
Jul 19/17 Jul 19/17 Gibson, Gregory Direct Ownership Options 50 – Grant of options 500,000
Jul 19/17 Jul 19/17 Gibson, Gregory Direct Ownership Options 00 – Opening Balance-Initial SEDI Report
Jul 20/17 Jul 18/17 Karabelas, Leonidas Direct Ownership Options 50 – Grant of options 100,000 $1.57
Jul 20/17 Jul 18/17 Lau, Herrick Mong Tak Direct Ownership Options 50 – Grant of options 150,000 $1.57
Jul 20/17 Jul 18/17 Levinson, Akiko Direct Ownership Options 50 – Grant of options 150,000 $1.57
Jul 20/17 Jul 18/17 Bechis, Luca Direct Ownership Options 50 – Grant of options 150,000 $1.57
Jul 20/17 Jul 18/17 Humphryson, Robert James Direct Ownership Options 50 – Grant of options 150,000 $1.57
When talking about dollars, you need to define whether it is US or Canadian dollars.