VANCOUVER, British Columbia, Sept. 6, 2023 (GLOBE NEWSWIRE) — Novo Resources Corp. (New or the Pursue) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce that the Company has completed its IPO (initial public offering) of a capital increase of A$7.5 million, before expenses, through the issuance of 37,500,000 common shares (settled in the form of CHESS Depositary Interests (CDI’s) at A$0.20 per CDI) managed by Argonaut PCF. The CDIs will be issued at a rate of 1 CDI for 1 common share. The IPO was only open to residents of Australia.
The capital increase was made prior to the start of trading and dual listing on the Australian Securities Exchange (ASX). The company is on track to complete its listing on the ASX. Trading in the Company’s securities (ticker code ASX:NVO) is currently scheduled to commence at 11:00am AEST on September 11, subject to the Company satisfying the remaining listing and listing conditions.
Contact
| Investors: Mike Spreadborough +61 419 329 987 [email protected] |
Media: Cameron Gilenko +61 466 984 953 [email protected] |
About Novo
Novo is exploring and developing its potential land package of approximately 10,500 square kilometers in the Pilbara region of Western Australia and the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. In addition to the Company’s primary focus, Novo seeks to leverage its in-house geological expertise to provide value-added opportunities to its stakeholders.
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