Brief: Kirkland Lake Gold Enters Into Agreement To Acquire Shares Of Novo Resources

Novo Resources

11/05/2018 01:17

May 10 (Reuters) - Kirkland Lake Gold Ltd  KL.TO :
    * KIRKLAND LAKE GOLD ENTERS INTO AGREEMENT TO ACQUIRE SHARES
OF
NOVO RESOURCES CORP.
    * ENTERED INTO SHARE PURCHASE AGREEMENT WITH ARTEMIS
RESOURCES TO
ACQUIRE 4 MILLION SHARES OF NOVO RESOURCES AT C$5.00/SHARE
    * UPON CLOSING OF ACQUISITION CO TO HOLD APPROXIMATELY
18.86% OF
OUTSTANDING COMMON SHARES OF NOVO ON AN UNDILUTED BASIS
    * KIRKLAND LAKE GOLD -UPON CLOSING  CO TO HOLD ABOUT 25.46%
OF
SHARES OF NOVO RESOURCES ON PARTIALLY DILUTED BASIS, ASSUMING
EXERCISE OF WARRANTS

Source text for Eikon:  ID:nGNX8qKs7D 
Further company coverage:  KL.TO 

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