(via Thenewswire.ca) VANCOUVER, BC / TheNewswire / July 26, 2016 – Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) (“Novo” or the “Company”) is pleased to announce that it has closed the first tranche (the “First Tranche”) of its previously announced non-brokered private placement (the “Financing”) raising gross proceeds of $1,396,100 by the issuance of 1,642,471 units (each a “Unit”) at a price of $0.85 per Unit. Each Unit will consist of one common share and one share purchase warrant (each a “Warrant”), and each Warrant will entitle the holder thereof to purchase one additional common share of the Company at a price of $1.25 per share for a period of 24 months from the closing...
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