VANCOUVER, British Columbia, Nov. 06, 2020 (GLOBE NEWSWIRE) — Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX-V: NVO) is pleased to announce that the TSX Venture Exchange (the “ TSXV ”) has accepted for listing 7,476,687 common share purchase warrants. The TSXV has advised that these share purchase warrants will be listed for trading on the TSXV under the symbol “NVO.WT” effective at market open on Tuesday, November 10, 2020.

A total of 17,192,379 subscription receipts (the “ Subscription Receipts ”) were issued pursuant to the Company’s brokered and non-brokered private placements (the “ Financings ”) which closed on August 27, 2020 ( please see the Company’s news release dated August 27, 2020 for further details ). The Financings were completed in conjunction with the acquisition of Millennium Minerals Limited ( please see the Company’s news releases dated August 4, 2020 and September 8, 2020 ). Each Subscription Receipt automatically converted into one unit of Novo (an “ Unit ”) following the issuance of receipts for the Company’s final short form prospectuses ( please see the Company’s news release dated October 27, 2020 for further details ). Each Unit is comprised of one common share of Novo (a “ Share ”) and one-half of one Share purchase warrant. Each whole Share purchase warrant (“ Warrants ”) entitles the holder thereof to acquire one common share of the Company at an exercise price of C$4.40 until August 27, 2023.

Of the 8,596,184 Warrants issued upon conversion of the Subscription Receipts, 1,119,497 are subject to trading restrictions under U.S. securities laws and therefore are not eligible for listing at this time.

CLICK HERE to read the full news release.

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