Novo: Announces Closing of Sprott Lending Private Placement

VANCOUVER, British Columbia, Sept. 09, 2020 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO) is pleased to announce that it has closed its previously announced private placement of units of the Company with Sprott Private Resource Lending II (Collector), LP (“Sprott”) raising gross proceeds of C$4,724,278 (approximately US$3.6 million) (the “Offering”). The Offering was undertaken in conjunction with Sprott’s US$60 million four-year loan and Novo’s acquisition of Millennium Minerals Limited (the “Acquisition”) (please refer to the Company’s news release dated September 8, 2020 for further details).

CLICK HERE to read the full news release from Novo Resources (NVO.V).