Seems to have paused trading today. Any one have a clue? There is no trading halt posted in the US exchange I use.
Well now I know. Must have been halted due to acquisition. Mmm 15 % share dilution. Not sure how that will go over. But they want to start production sooner. That should be great news.
Novo Undertakes Transformative Acquisition to Fast-Track Planned Pilbara Conglomerate Gold Production
Not for Distribution to United States Newswire Services or for dissemination in the United States
VANCOUVER, British Columbia, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Novo Resources Corp. ("Novo" or the "Company") (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has today signed an arm's length agreement to acquire all of the outstanding shares of privately held Millennium Minerals Limited ("Millennium") from IMC Resources Gold Holdings Pte Ltd, Heritas Capital Management (Australia) Pty Ltd, and IMC Resources Ltd (collectively, "IMC") (the "Acquisition"). Millennium's assets are located approximately 10 km south of Novo's 100% controlled Beatons Creek conglomerate gold project (the "Beatons Creek Project") in the Nullagine region, Shire of East Pilbara, Western Australia (see Figure 1 below) and include the requisite processing infrastructure to accelerate Novo's planned transition to a producing gold company(1) .