Junior Mining Network
  • Dashboard
  • Newsroom
  • Featured Miners
  • Investor Clips
  • Heat Map
  • Market Data
  • Mining Topics
  • Watch List
Junior Mining Network
GIGA Metals

Novo Resources Completes Acquisition of Farno-McMahon and Secures Portfolio of Tenements in Egina Region of Western Australia

  • Pilbara Region

TSX VENTURE: NVO
www.novoresources.com

Mr. Quinton Hennigh reports:

VANCOUVER, British Columbia, Oct. 01, 2018 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has completed the acquisition of the issued and outstanding shares of Farno McMahon Pty Ltd (“Farno”) as described in the Company’s news release dated September 17, 2018. Completion of the acquisition was subsect to the completion of certain conditions precedent and regulatory approvals which have all been finalized and received.

The Company paid AUD $150,000 in cash to Farno upon execution of an initial agreement. The Company also paid a further AUD $2.35 million in cash to the shareholders of Farno and issued 1,252,895 common shares (the “Consideration Shares”) to the shareholders of Farno. All Consideration Shares are subject to a statutory hold period expiring on February 1, 2019.

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.

MORE MINING NEWS

Hudbay Minerals Announces Fourth Quarter and Full Year 2018 Results and Provides 2019 Guidance
Sandstorm Gold Royalties Announces Record 2018 Annual Results
Osisko Mining Releases Mineral Resource Estimate for Garrison Gold Deposit
OceanaGold Reports Full Year 2018 Financials
Nighthawk makes additional high-grade discoveries within its 100% owned Indin Lake Gold Property
First Mining Gold Reports Potential for Significant Increase in Recoveries at Springpole Gold Project
Newmont Mining Announces Canadian Competition Bureau Clearance for Combination with Goldcorp
Barrick Gold Confirms Continuing Commitment to PNG Government and Porgera Community
Pretivm Reports 2018 Results and 2019 Outlook
Agnico Eagle Mines Reports Fourth Quarter and Full Year 2018 Results - Three-Year Guidance Outlines Growing Production with Stable to Declining Unit Costs; Meliadine Mill Commissioning Underway with Project Ahead of Schedule and Under Budget
First Quantum Minerals Reports Fourth Quarter and Full Year 2018 Results
Lundin Mining Fourth Quarter and Full Year Results

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Novo Resources

ADD TO WATCH LIST
Last Trade: C$2.42
Daily Change: 0.15 6.61
Daily Volume: 158,857
Market Cap: C$384.200M
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
LOAD MORE NEWS
LOAD MORE NEWS

Nexus Gold

Nexus Gold

Nexus Gold is building a portfolio of gold projects in Burkina Faso, West Africa that offer significant discovery potential. The Company controls a 178-square kilometer land package within the Boromo greenstone belt as part of its Niangouela concession, where recent phase one drilling intercepted 26.69 g/t gold over 4.85 meters (including 120.0 g/t gold over 1.0 meter) and 4.0 g/t gold over 6.2 meters. Rock chip sampling has reported assays as high as 2,950 g/t gold and phase two drilling is set to commence... VIEW PROFILE

© 2019 Junior Mining Network. All Rights Reserved.

  • Privacy Policy
  • Disclaimer
  • RSS
  • Contact