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News
17.03.2010
NOVUS GOLD CORP. ANNOUNCES A REVISED BROKERED FLOW-THROUGH PRIVATE PLACEMENT THROUGH CANACCORD
NOVUS GOLD CORP. ANNOUNCES A REVISED BROKERED FLOW-THROUGH PRIVATE PLACEMENT THROUGH CANACCORD
Vancouver, March 16, 2010 – Novus Gold Corp. (the “Company”, TSX-V: NOV) announces that further to its news release of February 17, 2010, it has engaged the services of Canaccord Financial Ltd. (“Canaccord”) as its agent to assist, on a commercially reasonable efforts basis, with the sale and distribution of up to 7,500,000 flow-through shares (“FT Shares”) at a price of $0.40 per FT Share (the “Offering”). In addition, the Company has granted an over-allotment option to Canaccord entitling it to increase the size of the Offering by 2,500,000 FT Shares at any time prior to the closing of the Offering.
The terms of the private placements contemplated in the February 17, 2010 news release have been replaced in their entirety by the terms of the Offering.
The gross proceeds from the sale of the FT Shares will be used for Canadian Exploration Expenses related to the exploration of the Company’s REN Property in the Northwest Territories. The Company will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2010.
The Offering is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: ________________
Mike Magrum,
President & CEO
For further information, please contact Gunther Roehlig, Director, at (604) 688-0335.
NEITHER THE 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.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities referenced herein have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and many not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable states securities laws.
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Vancouver, March 16, 2010 – Novus Gold Corp. (the “Company”, TSX-V: NOV) announces that further to its news release of February 17, 2010, it has engaged the services of Canaccord Financial Ltd. (“Canaccord”) as its agent to assist, on a commercially reasonable efforts basis, with the sale and distribution of up to 7,500,000 flow-through shares (“FT Shares”) at a price of $0.40 per FT Share (the “Offering”). In addition, the Company has granted an over-allotment option to Canaccord entitling it to increase the size of the Offering by 2,500,000 FT Shares at any time prior to the closing of the Offering.
The terms of the private placements contemplated in the February 17, 2010 news release have been replaced in their entirety by the terms of the Offering.
The gross proceeds from the sale of the FT Shares will be used for Canadian Exploration Expenses related to the exploration of the Company’s REN Property in the Northwest Territories. The Company will renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2010.
The Offering is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: ________________
Mike Magrum,
President & CEO
For further information, please contact Gunther Roehlig, Director, at (604) 688-0335.
NEITHER THE 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.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities referenced herein have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and many not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable states securities laws.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA67010Y1025">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA67010Y1025</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.