NVO | Jotup

Appointment of Mr Greg Jones as Director

Retrieved on:

Friday, September 29, 2023

ASX, Novo, TSX, NVO, Management

The Company would like to thank Ms Stefonick for her invaluable contributions throughout her time with Novo.

Key Points:

The Company would like to thank Ms Stefonick for her invaluable contributions throughout her time with Novo.
Mr Mike Spreadborough, Executive Chairman and Acting Chief Executive Officer, said: “On behalf of the Company’s directors, employees, and stakeholders, I would like to sincerely thank Ms Stefonick for two years of unwavering commitment and support, we wish her all the best for future endeavours.”
The Company is pleased to announce that Mr Greg Jones has been appointed as independent non-executive director to the Board of the Company.
Mr Jones is a mineral geologist with more than 40 years of exploration and operational experience within Australia and overseas.
Mr Jones has previously served on boards of a number of ASX listed resource companies including Astro Resources NL (now known as Astute Metals NL), Thomson Resources Limited, Eastern Iron Limited, Variscan Mines Limited and Silver City Minerals Limited.

Maiden Drill Program Commences at Nunyerry North

Retrieved on:

Tuesday, September 12, 2023

Quartz, Becher, ASX, Creasy, RC, JV, Gold, Soil, Diamond, Anomaly, TSX, Earned value management, NVO, De Grey, Mining, Rare-earth element, Aegina

VANCOUVER, British Columbia, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT.A) (ASX: NVO) (OTCQX: NSRPF) is pleased to announce the Company has commenced its maiden drill program at Nunyerry North located in the Egina Gold Camp in the Pilbara, Western Australia (Figure 2), with ~ 2,000 m of reverse circulation (RC) planned. The Nunyerry North project is a 70:30 joint venture with the Creasy Group.4

Key Points:

VANCOUVER, British Columbia, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT.A) (ASX: NVO) (OTCQX: NSRPF) is pleased to announce the Company has commenced its maiden drill program at Nunyerry North located in the Egina Gold Camp in the Pilbara, Western Australia (Figure 2), with ~ 2,000 m of reverse circulation (RC) planned.
Nunyerry North is a compelling, high priority exploration target with significant prospectivity, located in the southern part of the Egina Gold Camp.
Situated just 36 km from a major regional road, Nunyerry North also offers excellent long-term logistics.
Novo has initiated its maiden RC drill program of approximately 2,000 m at Nunyerry North, expected to be completed in the coming weeks.8
Mapping and rock chip sampling in the area identified sheeted quartz vein-related gold mineralisation within a basement sequence of ultramafic komatiites and mafic rocks, juxtaposed by regional shears and offset faults.

Novo Dual Lists On ASX Following Oversubscribed A$7.5M IPO

Retrieved on:

Monday, September 11, 2023

Lazarus, IPO, CDI, Aegina, ASX, AC, RC, Mbalabala, Gold, Mining, TSX, NVO, Security (finance), Iron ore, Risk management, Rare-earth element, Becher, Shire of East Pilbara

VANCOUVER, British Columbia, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo” or the “Company) (ASX: NVO, TSX: NVO, & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce the Company has successfully listed on the ASX, with trading in Novo’s securities having commenced on Monday, 11 September 2023 under the ticker ‘NVO’.

Key Points:

Novo admitted to ASX under the ticker ‘NVO’ listing 37.5 million CDIs following successful completion of dual ASX:TSX listing.
Novo's IPO was oversubscribed raising the maximum of A$7.5 million at A$0.20 per CDI, with strong support from local institutional and sophisticated investors.
ASX listing opens up a more ready accessible Australian capital base to Novo, with greater access to liquidity and increased exposure to Australian institutional investors.
Following the IPO capital raising, Novo has 342 million shares on issue (37.5 million of which currently take the form of CDIs on the ASX and with 304.5 million being shares on the TSX).

Novo Completes Oversubscribed A$7.5m IPO

Retrieved on:

Thursday, September 7, 2023

IPO, CDI, CHESS, AEST, ASX, Australian Securities Exchange, Novo, TSX, NVO, Security (finance), Property management

VANCOUVER, British Columbia, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce the Company has completed its Initial Public Offering (IPO) of a A$7.5 million raise, before costs, through the issue of 37,500,000 common shares (settled in the form of CHESS Depositary Interests (CDIs) at A$0.20 per CDI) which was led by Argonaut PCF.

Key Points:

VANCOUVER, British Columbia, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce the Company has completed its Initial Public Offering (IPO) of a A$7.5 million raise, before costs, through the issue of 37,500,000 common shares (settled in the form of CHESS Depositary Interests (CDIs) at A$0.20 per CDI) which was led by Argonaut PCF.
The CDIs are issued in the ratio of 1 CDI for 1 common share.
The IPO was open to residents of Australia only.
The raising was conducted ahead of commencement of trading and dual listing on the Australian Securities Exchange (ASX).

Novo’s ASX IPO Offer Oversubscribed; Offer Period Closed Early

Retrieved on:

Wednesday, August 23, 2023

IPO, Becher, ASX, Research, JV, TSX, Growth, Cornerstone, NVO, Security (finance)

VANCOUVER, British Columbia, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to advise it has now closed the offer period for its IPO offer of CDIs ahead of schedule, having received subscriptions totalling A$7.5 million. This means the full over-subscription limit has been reached following overwhelming support, with significant demand coming from sophisticated and institutional investors across Australia.

Key Points:

With the offer fully subscribed, Novo has closed the offer period ahead of schedule.
VANCOUVER, British Columbia, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to advise it has now closed the offer period for its IPO offer of CDIs ahead of schedule, having received subscriptions totalling A$7.5 million.
Given the level of subscriptions received, and the early offer close, Novo is in discussions with ASX as to whether it can bring forward the date of its listing on ASX.
Novo’s offer remains subject to ASX approving the Company’s application for admission (which process is ongoing and cannot be guaranteed).

Novo Announces Change Of Officers

Retrieved on:

Tuesday, August 22, 2023

CFO, TSX, NVO, General counsel, Corporation, Management

VANCOUVER, British Columbia, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) announces that Mr Ronan Sabo-Walsh has resigned as the Company's Chief Financial Officer ("CFO") and Corporate Secretary.

Key Points:

VANCOUVER, British Columbia, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) announces that Mr Ronan Sabo-Walsh has resigned as the Company's Chief Financial Officer ("CFO") and Corporate Secretary.
Ms Elza van der Walt has been appointed as CFO and joint Corporate Secretary.
The Company would like to thank Mr Sabo-Walsh for his services and notable contribution to the Company and wish him success in the future.
The Company also reports that TSX has approved an extension to the holding of its annual general meeting of shareholders, to 31 October 2023.

Novo Outlines H2 2023 Exploration Plan

Retrieved on:

Monday, August 14, 2023

VANCOUVER, British Columbia, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on exploration programs scheduled for the remainder of 2023 across its extensive tenement portfolio in the Pilbara, Western Australia and Belltopper in Victoria.

Key Points:

At Belltopper in Victoria, 2,000 m of diamond drilling will test high priority targets developed from 3D modelling of integrated datasets and is scheduled for late H2, 2023.
VANCOUVER, British Columbia, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on exploration programs scheduled for the remainder of 2023 across its extensive tenement portfolio in the Pilbara, Western Australia and Belltopper in Victoria.
Heritage approvals have been finalised for Novo’s ~ 2,000 m of RC drilling scheduled to proceed in H2 2023.
Novo exploration in 2023 has focussed on integrating all regional to target-scale data sets to develop a 3D geological and mineralisation model (Figure 6 and Figure 7).

ASX IPO Offer Period Opens

Retrieved on:

Thursday, August 10, 2023

Australian Securities and Investments Commission v Rich, IPO, CDI, Investment, ASX, Mbalabala, Prospectus, Gold, Novo, Offering, TSX, NVO, ASIC, Security (finance)

VANCOUVER, British Columbia, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update in relation to the Company’s planned ASX listing and IPO.

Key Points:

The Company lodged a Prospectus with ASIC on August 2, 20231 outlining the terms of the Offering.
The Offering is now open and is expected to close on September 1, 20233.
Argonaut PCF is acting as financial adviser and Argonaut Securities Pty Ltd is acting as broker to the IPO.
The Offering is conditional on Novo raising its minimum subscription (A$4.0 million, before costs) and ASX approving the Company’s application for admission to the official list of the ASX1.

Novo Progresses ASX Dual Listing With Lodgement of Prospectus

Retrieved on:

Wednesday, August 2, 2023

VANCOUVER, British Columbia, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update in relation to the Company’s planned ASX listing and IPO.

Key Points:

Novo Executive Co-Chairman and Acting CEO Mike Spreadborough said a TSX/ASX dual listing is a logical progression for the Company due to historical investor appetite for exploration companies with Australian projects and will provide an excellent platform for the next phase of exploration.
“We are very excited to be taking the next step in our strategic growth plans and make the move to seek a dual listing on the ASX.
Novo is engaged primarily in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold.
The Offering is conditional on Novo raising its minimum subscription (A$4.0 million, before costs) and ASX approving the Company’s application for admission to the official list of the ASX5.

Novo Closes Cornerstone Investment With De Grey Mining

Retrieved on:

Wednesday, June 28, 2023

Funding, Share (finance), ASX, Australian Securities Exchange, Sale, Hold, TSX, Toronto Stock Exchange, Cornerstone, NVO, Nomination

VANCOUVER, British Columbia, June 28, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to advise that the previously announced Financing with De Grey1 has now closed following Toronto Stock Exchange acceptance of notice of the Financing and conditional approval of the listing of the Shares issued under the Financing. Gross proceeds of approximately C$8.97 million / A$10 million were raised through the issue of 35,223,670 Shares. The Financing was conducted at a price of approximately C$0.255, and De Grey now holds an undiluted 11.6% position in Novo.

Key Points:

The Financing was conducted at a price of approximately C$0.255, and De Grey now holds an undiluted 11.6% position in Novo.
Commencing on December 28, 2023 and subject to De Grey maintaining at least a 12.5% undiluted interest in Novo at all times (the “Nomination Threshold”), De Grey has a one-time right to nominate a director to Novo’s board.
De Grey also has the right to participate in any raising conducted in conjunction with the ASX listing such that it holds up to a maximum undiluted post-financing interest of 12.5% of Novo.
There is no guarantee that the Company will list on the ASX or will be granted approval to do so.