Sprott buying more Novo Resources (NVO)

Sprott buying more Novo Resources (T:NVO)

2176423 Ontario Ltd., a 10% Holder, acquired 50,000 Common Shares on a direct ownership basis at a price of $8.341 on November 8th, 2017. This represents a $417,070 investment into the company's shares and an account share holdings change of 0.5%.

Novo Resources is in the Gold Sub Industry Group under the Basic Materials Sector.

Novo Resources Corp. is engaged in the business of evaluating, acquiring and exploring natural resource properties. The Company's exploration and evaluation assets include Beatons Creek, Grant's Hill, PaleoPlacer, Tuscarora, Blue Spec, Talga, Two Creeks and Mt. Hayes. The Blue Spec Project encompasses approximately 120 square kilometers and is situated over 20 kilometers due east of its Beatons Creek Project near the town of Nullagine, Western Australia. The Tuscarora Property is located in Elko County, Nevada, and consists of approximately 20 unpatented lode claims. The Two Creeks Project hosts approximately nine kilometers of strike along the Blue Spec shear zone. The Mt. Hays Project covers an area of approximately 80 square kilometers immediately east and adjoining the Two Creeks Project and hosts over 10 kilometers of strike along the Blue Spec shear zone. Novo Resources Corp. (NVO) has a high amount of executive buying compared to its mid-cap peers in the market over the past three months. According to recent regulatory filings, one insider has invested a total amount of $417,070.