Eric Sprott buying at Novo Resources (NVO)

Eric Sprott buying at Novo Resources (T:NVO)

Eric Sprott's 2176423 Ontario Ltd., a 10% Holder, acquired 5,107,900 Common Shares on a direct ownership basis at a price of $0.660 through a private transaction on May 4th, 2017.  The insider also acquired 5,107,900 Warrants with an exercise price of $0.900 until May 4, 2019. This represents a $3,371,214 net investment into the company's shares and an account share holdings change of greater than 100%.

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.