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BRIEF-Novo Resources announces private placement of up to $56 mln
September 5, 2017 / 11:35 AM / a month ago

BRIEF-Novo Resources announces private placement of up to $56 mln

Sept 5 (Reuters) - Novo Resources Corp

* Novo Resources announces non-brokered private placement of up to $56 million with strategic investor

* Financing is expected to raise gross proceeds of approximately $56 million by issuance of 14 million units at price of $4.00 per unit

* Kirkland Lake Gold Ltd will subscribe for all of units to be issued in financing

* Net proceeds from financing will primarily be used by company to develop and explore company’s projects Source text for Eikon: Further company coverage:

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