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Novo Resources completes second tranche of placement, raising C$1.93m to fund growth.

Company Fundamentals
28 May 2026
GlobeNewsWire
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Bullish
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Novo Resources Corp. has completed the second tranche of its placement, raising approximately C$1.93 million (A$1.95 million) through the issuance of common shares and options to investors in Canada and overseas. This follows shareholder approval at the recent Annual General Meeting. The funds will support the company's ongoing development efforts, with Northern Star Resources Ltd remaining the largest shareholder at nearly 9.87%. The issued options will be listed on the ASX, providing further capital-raising flexibility through to 2029.

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