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Kincora Copper

Novo Resources Closes Recent Transactions

  • Pilbara Region

TSX VENTURE: NVO
www.novoresources.com

Mr. Quinton Hennigh reports:

VANCOUVER, British Columbia, Sept. 21, 2018 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has finalised the transaction with Pioneer Resources Limited (“Pioneer”) as described in the Company’s news release dated September 17, 2018. Completion of the transaction was subsect to TSX Venture Exchange approval which has been obtained.

The consideration payable by the Company to Pioneer includes AUD $200,000 in cash and the issuance of 100,000 common shares (the “Pioneer Shares”). The Pioneer Shares are subject to a statutory hold period expiring on January 19, 2019.

The Company also reports that it has issued 1 million common shares (the “Creasy Shares”) to Mark Gareth Creasy pursuant to an agreement signed between Mr. Creasy, the Company and Karratha Gold Pty Ltd, a subsidiary of the Company.  

The Creasy Shares are subject to a statutory hold period expiring on January 7, 2019. Immediately subsequent to the issuance of the Creasy Shares, Mr. Creasy and his entities will in aggregate hold approximately 7.4% of the Company’s outstanding common shares.

About Novo Resources Corp.

Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 12,000 sq km. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail This email address is being protected from spambots. You need JavaScript enabled to view it.  

On Behalf of the Board of Directors,

Novo Resources Corp.

“Quinton Hennigh”                            

Quinton Hennigh

Chairman and President

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.

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Novo Resources

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Last Trade: C$2.27
Daily Change: -0.07 -2.99
Daily Volume: 37,011
Market Cap: C$360.390M
January 31, 2019
Novo Resources: Mechanical Sorting Generates Encouraging Results at Karratha
January 22, 2019
Novo Resources Provides Update on Near-Term Exploration Progress
January 07, 2019
Novo Resources and Sumitomo Corporation Extend Memorandum of Understanding to Advance Novo’s Australian Projects
December 20, 2018
Novo Resources: Mechanical Sorting Yields Gold-Rich Concentrates at Karratha; Egina Terrace Gravel Returns Positive Gold Result
December 13, 2018
Novo Resources Provides Pilbara Exploration Program Update
December 06, 2018
Novo Resources Announces Results of 2018 Annual General Meeting
November 21, 2018
Novo Resources Files Updated Beatons Creek Technical Report
November 19, 2018
Novo Resources Receives Positive Initial Results From Mechanical Sorting Trials
October 30, 2018
Novo Resources Discusses Plans for Egina gold project, Western Australia
October 26, 2018
Novo Resources Announces Bulk Sample Results From Comet Well
October 19, 2018
Novo Resources Announces DTC Eligibility
October 10, 2018
Novo Resources Provides Corporate Update
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