Novo Resources Corp / NVO (TSXV)

Weitere goldhaltige Gebiete identifiziert:

Meldung

Novo Reports Broad Gold-Bearing Gravel Swales Discovered at Egina
VANCOUVER, British Columbia, April 16, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce the discovery of broad gold-bearing gravel swales near Paradise, part of the Company’s extensive Egina gold project, Western Australia. Discovery of gold-bearing gravels at the Paradise and Road to Paradise targets was first announced in Novo’s news releases dated December 17, 2019 (https://www.novoresources.com/news-media/news/display/index.php?content_id=371) and February 13, 2020 (https://www.novoresources.com/news-media/news/display/index.php?content_id=379), respectively. In addition, Novo has made a further discovery of gold-bearing gravels at a new target called Clarke approximately 10 km northwest of the test area worked in 2019.

Und jetzt sind sie auch auf Paradise selbst fündig geworden:

Meldung vom 15.05.2020

Novo Recommences Exploration at Egina; Discovers Yet Another Broad Gold-bearing Swale at Paradise

VANCOUVER, British Columbia, May 15, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce it has recommenced its 2020 exploration program at its Egina gold project and quickly identified another broad gold-bearing swale at Paradise.

Und nochmal eine Erweiterung des Gebietes:

Meldung 15.06.2020

Novo Signs Binding Terms Sheet With Mark Creasy and Consolidates 2,900 sq km of Prospective Pilbara Tenure
VANCOUVER, British Columbia, June 15, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has entered into a binding terms sheet (the “Terms Sheet”) with Mark Creasy and entities controlled by him (collectively, the “Creasy Group”) pursuant to which Novo will consolidate sole ownership of 510km² of existing tenure and acquire ownership of an additional 2,390km² of highly prospective new tenure in the Pilbara region of Western Australia (the “Transaction”) (see figure 1 below for a map of the Transaction tenure). The Transaction is subject to completion of definitive documentation and assignment of relevant third-party agreements as well as approval from the TSX Venture Exchange and other customary regulatory approval for transactions of this nature, including approval from the Australian Foreign Investment Review Board (“FIRB”) for certain components of the Transaction.

Die Meldung passt irgendwie gut zur heutigen News von De Grey Mining:

Meldung 09.07.2020

Es bestätigt sich immer mehr die großflächige Verteilung von Terrassen-Kies auf Egina!

Gruß
KPO

Novo übernimmt die Aktien von Millenium Minerals Ltd. und beschleunigt den Weg zum Produzent:

Aktuelle Meldung nach Trading Halt

Novo Undertakes Transformative Acquisition to Fast-Track Planned Pilbara Conglomerate Gold Production

Not for Distribution to United States Newswire Services or for dissemination in the United States
VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has today signed an arm’s length agreement to acquire all of the outstanding shares of privately held Millennium Minerals Limited (“Millennium”) from IMC Resources Gold Holdings Pte Ltd, Heritas Capital Management (Australia) Pty Ltd, and IMC Resources Ltd (collectively, “IMC”) (the “Acquisition”). Millennium’s assets are located approximately 10 km south of Novo’s 100% controlled Beatons Creek conglomerate gold project (the “Beatons Creek Project”) in the Nullagine region, Shire of East Pilbara, Western Australia (see Figure 1 below) and include the requisite processing infrastructure to accelerate Novo’s planned transition to a producing gold company¹.

Zitat von Magellan

NVO scheint mit eigenen Aktien zu bezahlen. Diese scheinen aber über ein PP erst noch auszugeben. Unter anderem an Sprott, mit ordentlichem Abschlag zum letzten Kurs + Warrant. Im ersten Moment dachte ich, gut finanziert. Aber je mehr ich die Einzelheiten lese umso skeptischer sehe ich die Finanzierung. Für uns Altaktionäre scheint es am Ende recht teuer zu werden, in Form einer ordentlichen Verwässerung.

Acquisition Summary
Under the terms of the agreements signed with IMC (the “Agreements”), Novo will acquire all of the outstanding ordinary shares of Millennium on a cash and debt free basis (except as described below) in exchange for approximately $44 million (A$61 million) of Novo units (each unit comprised of one common share and one-half of one common share purchase warrant priced on the same terms as the subscription receipts offering outlined below). Following completion of the Acquisition, Millennium will be required to repay IMC’s secured debt of approximately $49.8 million (A$69 million) by way of the payment of $43.3 million (A$60 million) in cash and the balance of $6.5 million (A$9 million) in Novo units (on the terms outlined above). To the extent Millennium does not have sufficient funds to repay IMC’s secured debt, Novo will provide funding to Millennium to allow repayment (and will issue the Novo units at Millennium’s direction).
The equity consideration issued to IMC and the Novo units issued in repayment of debt will be subject to a statutory hold period expiring four months from the date of issuance; in addition, a further contractual hold period will apply to half of the Novo units issued to IMC, increasing the hold period to 12 months. If, subsequent to closing of the Acquisition, IMC holds 10% or more of Novo’s issued and outstanding shares, IMC will have the right to appoint a representative to Novo’s board of directors until its interest in Novo dilutes below 10%. Upon closing of the Acquisition, the IMC secured debt repayment and the Concurrent Financing (as defined below), it is anticipated that IMC will hold 9.47% of Novo’s issued and outstanding common shares.
Novo has also agreed to pay to IMC deferred consideration in the form of a fee on future gold production equal to 2% of all gold revenue generated by Novo (the “Deferred Consideration”) up to the later of cumulative gold production of 600,000 ounces or cumulative payments of A$20 million having been made to IMC.
The Agreements provide for, among other things, customary representations, warranties, and termination rights including mutual material adverse change clauses. The completion of the Acquisition is expected to occur during the third quarter of 2020 and is subject to working capital adjustments and customary closing conditions including closing of the financings detailed below and receipt of certain regulatory and other approvals. The Company is not required to obtain Australian Foreign Investment Review Board approval for the Acquisition because it is relying on an exemption certificate granted to the Company in 2017. No finder’s fee is payable in connection with the Acquisition.
Acquisition Financing
The Acquisition and repayment of the IMC secured debt will be funded from a combination of debt and equity (collectively, the “Concurrent Financing”) including:

• C$30 million (approximately $22.4 million) brokered private placement of subscription receipts (the “Offering”)
• $60 million secured credit facility (the “Sprott Facility”) from Sprott Private Resource Lending II (Collector), LP (“Sprott”).

Private Placement of Subscription Receipts
As an integral part of the Acquisition, Novo has entered into an agreement with a syndicate of agents led by Clarus Securities Inc. and Stifel GMP (the “Agents”) for a marketed private placement of 9,230,769 subscription receipts (the “Subscription Receipts”) at a price of C$3.25 per Subscription Receipt for gross proceeds of C$30 million (approximately $22.4 million) which will be placed in escrow and released immediately prior to closing of the Acquisition. The Agents will have an option (the “Over-Allotment Option”) to offer up to an additional 15% in Subscription Receipts up to 48 hours prior to closing of the Offering. The Agents will have no obligation to exercise the Over-Allotment Option.

Alles anzeigen

Ich glaube nicht, dass wir uns über die Verwässerung mittelfristig Gedanken machen müssen. Dieser Schritt von Novo, nämlich den eigenen Aufbau einer Goldproduktion im Pilbara-Gebiet, hat sich Sprott gut bezahlen lassen. Damit dürfte eine Übernahme von Novo durch Kirkland entweder vom Tisch sein oder richtig teuer werden - auch ein Vorteil für uns

Es wird eine spannende Zeit in Australien und dabei sollten wir auch den bevorstehenden Kampf um DEG nicht vergessen, den eigentlich kann das Ziel von Novo nur lauten, DEG zu übernehmen - in Konkurrenz zu KL

Gruß
KPO

In die Schlagzeilen haben sie es schon mal geschafft:

Artikel "The West Australian"

Gruß
KPO

Novo verkauft "Blue Spec" für 18,5 Mio. C$ an Calidus und verschafft sich somit weiteres benötigtes Kapital zur Produktionsausweitung. Die Prioritäten dürften ja klar sein:

Meldung 21.09.2020

Novo Sells Part of Blue Spec Project to Calidus Resources for Cash Consideration of A$19.5 Million

2020-09-21 08:37 ET - News Release

VANCOUVER, British Columbia, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has signed a binding terms sheet (the “Terms Sheet”) with ASX-listed Calidus Resources Limited (“Calidus”) to sell a portion of the Company’s Blue Spec project for gross cash consideration of A$19.5 million (approximately C$18.6 million) (the “Cash Consideration”) (the “Transaction”).

Und gleich der nächste Schachzug hinterher:

Meldung 22.09.2020

Novo Acquires Option Over Kalamazoo Resources Limited’s Queens Project

14:24 Uhr | GlobeNewswire
[Blockierte Grafik: https://www.goldseiten.de/bilder/thumbnails/144x144_max/bilder_minen_logos_2475.png]
VANCOUVER, Sept. 22, 2020 - Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has been granted an option and an additional earn-in right to acquire an initial 50% interest in ASX-listed Kalamazoo Resources Ltd.’s (“Kalamazoo”) Queens gold project (the “Queens Project”) located in the Bendigo zone of Australia’s Victorian goldfields (collectively, the “Transaction”) (please see Figure 1 and Figure 2 below for maps of the Queens Project), with the possibility of an increase to an 80% interest, as described below. The Transaction is subject to approval of the TSX Venture Exchange and other customary regulatory approvals for transactions of this nature. Novo holds a 7.64% undiluted / 11.60% fully diluted equity interest in Kalamazoo pursuant to an investment made on January 14, 2020.

Kaum noch zu glauben:

Meldung 24.09.2020

Novo Exercises Option Over GBM Resources’ Malmsbury Gold Project

VANCOUVER, British Columbia, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has exercised its option to earn a 50% interest (the “Interest”) in the Malmsbury gold project (the “Malmsbury Project”) held by ASX-listed GBM Resources Limited (ASX: GBZ) (“GBM”). Transfer of the Interest to Novo is subject to approval from the Victorian Department of Jobs, Precincts and Regions and the Australian Foreign Investment Review Board (the “Conditions”). Please see the Company’s news releases dated March 30, 2020 and April 6, 2020 for further details.

Gruß
KPO