TORONTO, Sept. 1, 2017 /CNW/ - Newmont Canada FN Holdings ULC ("Newmont Canada") announced that on August 31, 2017 it sold 11,830,268 common shares ("Shares") in the capital of Novo Resources Corp. ("Novo") (TSX.V:NVO) representing approximately 9.9% of the total Shares outstanding through a private agreement for proceeds totalling CDN$18,928,428.80 or CDN$1.60 per Share. Newmont Canada's percentage ownership of Shares reduced from approximately 14.9% (17,760,000 Shares) to approximately 5.0% (5,929,732 Common Shares) as a result of the transaction.
Newmont Canada has no current intention to acquire any Shares, but may, depending on market and other conditions, acquire beneficial ownership or control of the Shares or other securities of Novo whether through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE NEWMONT CANADA FN HOLDINGS ULC
For further information: or to obtain a copy of the early warning report filed under National Instrument 62-103, please contact: Blake Rhodes, Vice President, Newmont Canada FN Holdings ULC, Suite 1900, 355 Burrard Street, Vancouver, British Columbia, V6C 2G8, phone: 303.863.7414, fax: (303) 837-5810, email: firstname.lastname@example.org