Eric Sprott Joins Novo's Board of Directors
VANCOUVER, British Columbia, Nov.01, 2017(GLOBE NEWSWIRE) -- Novo Resources Corp. (TSX-V:NVO); (OTCQX:NSRPF) ("Novo" or the "Company") is pleased to announce the appointment of Mr. Eric Sprott to the Company's board of directors.
Mr. Sprott is a renowned and respected leader in the investment community and one of the world's premiere gold and silver investors. After earning his designation as a chartered accountant, Mr. Sprott entered the investment industry as a research analyst at Merrill Lynch and Company Inc. In 1981, he founded Sprott Securities (now Cormark Securities Inc.), which today is one of Canada's largest independently owned institutional brokerage firms. After establishing Sprott Asset Management LP. in December 2001 as a separate entity, Mr. Sprott divested his entire ownership of Sprott Securities to its employees. Mr. Sprott recently resigned from his position as the lead portfolio manager at Sprott Asset Management (a Toronto-based alternative asset manager). He is the Chair of the board of Kirkland Lake Gold Ltd.
"We are absolutely thrilled to have Mr. Sprott join our board at this time," commented Dr. Quinton Hennigh, Chairman and President of Novo Resources Corp. "Mr. Sprott has been a long-standing supporter of Novo and we look forward to working closely with him in order to realize Novo's full potential."
About Novo Resources Corp.
Novo's focus is to explore and develop gold projects in the Pilbara region of Western Australia and built up a significant land package covering approximately 10,000 km2. Novo also controls a 100% interest in approximately 2 sq km covering much of the Tuscarora Au-Ag vein district, Nevada. 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
Chairman and President
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