Novo Resources | Precious Metals Message Board Posts

Precious Metals   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  226295 of 229224  at  11/27/2020 3:31:54 PM  by

fundamental


 In response to msg 226283 by  3.58
view thread

Re: Novo Resources

 I have never had an interest in Novo... I've never mentioned the name.
 
Sorry.  Check your sources.
 
 
Original Message (# 226283) by 3.58 on 11/27/2020 12:00:36 PM

Collapse Original Message


Re: Novo Resources


Fundy was pumping it.....too funny

Kirkland Lake Gold Ltd. ("Kirkland Lake Gold" or the "Company") (TSX:KL) (NYSE:KL) (ASX:KLA) today announced it has entered into an agreement with Stifel GMP and Clarus Securities Inc. as agents on behalf of Kirkland Lake Gold (the "Dealers") to arrange for the sale of 18,500,000 units (the "Units") at a price of $2.45 per Unit for gross proceeds to Kirkland Lake Gold of $45,325,000 (the "Sale Transaction). Each Unit consists of one (1) common share (a "Novo Share") of Novo Resources Corp. ("Novo") owned by Kirkland Lake Gold (a "Unit Share") and one-half (0.5) of a common share purchase warrant of Kirkland Lake (each whole warrant a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one (1) additional Novo Share owned by Kirkland Lake Gold (a "Warrant Share") at an exercise price of $2.80 for a term of 12 months from the date of issue. In Canada, the sale of the Unit Shares will be made through block trades and the sale of the Warrants will be made on a private placement basis. In the United States, the sale of both the Unit Shares and the Warrants will be made on a private placement basis.

In Canada, the Warrants will be subject to a four month and one day hold period, in accordance with applicable securities laws. Kirkland Lake Gold intends to use the net proceeds of Sale Transaction for general corporate purposes.

The Sale Transaction is scheduled to close on or about December 3, 2020, or such other date as agreed between Kirkland Lake Gold and the Dealers and is subject to certain conditions.


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 0     Views: 0
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board








Financial Market Data provided by
.
Loading...