Novo Appoints Greg Gibson to Board of Directors and Issues Stock Options
VANCOUVER, British Columbia, July19, 2017(GLOBE NEWSWIRE) -- Novo Resources Corp. (TSX-V:NVO) (OTCQX:NSRPF) ("Novo" or the "Company") is pleased to announce that its board of directors has appointed Mr. Greg Gibson as a director of the Company.
Mr. Gibson is President and CEO of Sprott Mining Company and Jerritt Canyon Gold LLC. He has more than 30 years' experience in the mining industry as a miner, mine manager, director, CEO and President. Greg's experience has focused on gold and copper mines primarily in Canada, US, and Australia. He successfully led Trelawney Mining and Exploration as President, CEO and director from an early explorer to its $608 million sale to IAMGOLD in 2012. Greg is also Chairman and Interim CEO of Metanor Resources Inc. as well as a director of Ascot Resources Ltd., Sprott Mining Inc., Jerritt Canyon Canada, Latin American Minerals Inc. and Resource Capital Gold Corp.
"We are delighted to have Mr. Gibson join our board at this critical juncture," commented Dr. Quinton Hennigh, Chairman and President of Novo Resources Corp. "Mr. Gibson brings more solid mining expertise to Novo as we get ready to undertake our prefeasibility study of the Beaton's Creek gold project later this year."
The Company also reports that it has granted incentive stock options to certain directors, officers, employees, and consultants to purchase up to 3,575,000 common shares in the capital of the Company pursuant to its Stock Option Plan. The options are exercisable on or before July 18, 2022 at an exercise price of CAD$1.57 per share. The options are subject to certain vesting conditions.
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
Forward-looking information
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, the statement as to the plan to undertake a prefeasibility study of the Beaton's Creek gold project later this year.Such statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the mineral resource exploration industry as well as Novo having sufficient cash to carry out the prefeasibility study.
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.