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Novo Resources Detailing The Kirkland Lake Financing

Cory
September 6, 2017

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 here to listen to the prior interview that goes into significant detail on the exploration plans.

Click download link to listen on this device: Download Show

Discussion
17 Comments
    CFS
    Sep 06, 2017 06:15 AM

    When talking about dollars, you need to define whether it is US or Canadian dollars.

      Sep 06, 2017 06:34 AM

      or Aussie Dollars

    CFS
    Sep 06, 2017 06:17 AM

    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.

      Sep 06, 2017 06:29 AM

      sorry posted the same thing below……before reading…… 🙂

    CFS
    Sep 06, 2017 06:53 AM
    CFS
    Sep 06, 2017 06:04 AM
    CFS
    Sep 06, 2017 06:06 AM

    Shanghai silver hits $19

    b
    Sep 06, 2017 06:22 AM

    When talking about dollars, you need to define whether it is US or Canadian dollars.

      CFS
      Sep 06, 2017 06:30 AM

      InShanghai silver hit 123.9 RMB.

      You can do the math.

    CFS
    Sep 06, 2017 06:07 AM

    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