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Novo Resources Launches C$5.8M Placement to Boost Pilbara Gold Exploration
10:24am on Wednesday 25th of February, 2026 AEDT
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Mining
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Novo Resources Launches C$5.8M Placement to Boost Pilbara Gold Exploration
10:24am on Wednesday 25th of February, 2026 AEDT
Key Points
Proposed private placement to raise approximately C$5.8 million (A$6 million)
Issuance of up to 59.1 million units and/or CDIs with attached warrants and options
Discounted issue prices of approximately 19–25% to recent market prices
Funds earmarked for exploration in Pilbara region and Belltopper Gold Project in Victoria
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NOVO RESOURCES (ASX:NVO)
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