Novo Reports Issuance of Incentive Stock Options
January 16 2020 - 06:20PM
Novo Resources Corp. (“
Novo” or
the “
Company”) (TSX-V: NVO; OTCQX: NSRPF) reports
the issuance of incentive stock options to certain directors,
officers, employees, and consultants to purchase up to 6,165,000
common shares in the capital of the Company pursuant to its stock
option plan. The options are exercisable on or before January 16,
2025, at an exercise price of CAD$3.57 per share. The options are
subject to certain vesting conditions.
“Novo is at a seminal junction,” commented Dr.
Quinton Hennigh, Chairman and President of Novo. “We are rapidly
advancing our gold projects in the Pilbara and aim to move the
Company toward becoming a new gold producer. Our team is one of the
best in Australia. These options vest once Novo reaches certain
production milestones, goals our team feels confident they can
meet. We look forward to an exciting, very busy year.”
About Novo Resources Corp.
Novo’s focus is to explore and develop gold
projects in the Pilbara region of Western Australia, and Novo has
built up a significant land package covering approximately 13,000
sq km with varying ownership interests. For more information,
please contact Leo Karabelas at (416) 543-3120 or
e-mail leo@novoresources.com
On Behalf of the Board of Directors,
Novo Resources Corp.
“Quinton Hennigh”
Quinton Hennigh
President and Chairman
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
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