NSRPF - Liatam Mining Investment Closed | Benzinga
HIGHLIGHTS
- Liatam Mining Pty Ltd (Liatam) has invested A$1.8 million (approximately C$1.6 million) to acquire 9,000,000 common shares at A$0.20 (C$0.18038) per share in Novo to increase their shareholding from ~3% to ~6%.
- Following this investment by Liatam and the A$10 million transaction with SQM Australia in the Harding Battery Metals JV in the West Pilbara, Novo is in a strong financial position to continue its aggressive exploration focus across key gold targets in the Pilbara, Western Australia and Victoria in 2024.
VANCOUVER, British Columbia, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX:NVO, NVO.WT.A)) (OTCQX:NSRPF) is pleased to announce that the additional investment by Liatam in Novo of A$1.8 million (approximately C$1.6 million) has closed and the 9,000,000 common shares subscribed for have been issued at a price of A$0.20 (C$0.18) per share, increasing their shareholding from ~3% to ~6%. Liatam has a right to transmute the issued shares into ASX CDIs following expiry of the 4-month hold period to which the purchased shares are subject.
The funds received are intended to be utilised to advance Novo's ...