Novo Completes Oversubscribed A$7.5m IPO
07 Settembre 2023 - 5:34AM
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). The Company is on track to complete its ASX
listing, with trading in the Company’s securities (under the ticker
code ASX:NVO) currently scheduled to commence at 11:00am on 11
September AEST subject to the Company satisfying the remaining
conditions to admission and quotation.
Contact
Investors:Mike Spreadborough +61 419 329 987
mike.spreadborough@novoresources.com |
Media:Cameron Gilenko+61 466 984
953cgilenko@citadelmagnus.com |
About Novo
Novo explores and develops its prospective land package covering
approximately 10,500 square kilometres in the Pilbara region of
Western Australia, along with the 22 square kilometre Belltopper
Project in the Bendigo Tectonic Zone of Victoria, Australia. In
addition to the Company’s primary focus, Novo seeks to leverage its
internal geological expertise to deliver value-accretive
opportunities to its stakeholders.
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