Share: VANCOUVER, British Columbia, May 04, 2021 (GLOBE NEWSWIRE) -- Novo Resources Corp. (" Novo" or the " Company") (TSX:NVO, NVO.WT, OTCQX:NSRPF) is pleased to report that it has closed its previously announced brokered private placement (the " Offering") of special warrants of the Company (" Special Warrants") to raise gross proceeds of approximately C$26.4 million. A syndicate of agents led by Clarus Securities Inc. and Stifel GMP as co-lead agents, together with PI Financial Corp., Haywood Securities Inc., CIBC World Markets Inc., and Echelon Wealth Partners Inc. (collectively, the " Agents"), exercised their over-allotment option to increase the size of the Offering from C$22 million to C$26.4 million.