Brief: Novo Agrees To Acquire Significant Stake In New Found Gold

Novo Resources

02/03/2020 13:57

March 2 (Reuters) - Novo Resources Corp  NVO.V :
    * NOVO AGREES TO ACQUIRE SIGNIFICANT STAKE IN NEW FOUND GOLD
CORP.
    * NOVO RESOURCES CORP -  HAS SUBSCRIBED FOR 15 MILLION
COMMON
SHARES OF NEW FOUND GOLD CORP.
    * NOVO RESOURCES - UPON CLOSING OF DEAL, CO WILL OWN ABOUT
15.97%
SHARES OF NEW FOUND, NEW FOUND WILL OWN ABOUT 3.73% OF SHARES OF
CO
    * NOVO RESOURCES- PURSUANT TO DEAL TERMS,CO HAS RIGHT TO
APPOINT
DIRECTOR TO NEW FOUND BOARD ANY TIME FOR 3 YEARS FROM
ACQUISITION DATE

Source text for Eikon:  ID:nGNX84VK3J 
Further company coverage:  NVO.V 

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