Proven ProbableNovo Resources has closed the subscription for 15,000,000 common shares of New Found Gold Corp. (“New Found”). The subscription price was paid by the issuance of 6,944,444 common shares of Novo (the “Novo Shares”). The Novo Shares are subject to a statutory hold period expiring on July 7.
Investor Relations:
Leo Karabelas, VP of Corporate Communications
Telephone: (416) 543-3120
E-mail: leo@novoresources.com
Breaking News out of South Africa, with huge implications on Platinum Group Elements! ! !
“Our first pass analysis is that group [earnings before interest, tax, depreciation and amortization] could decline by 15%, before allowing for any potential price increases as a result of the reduced supply,” Edward Sterck, analyst at BMO Capital Markets, said in a note to investors.
“However, PGM prices are running well above our base case forecasts and it seems likely that production cuts of these magnitudes are likely to stimulate further positive price responses,” Sterck wrote.
“The Altamura acquisition completes a highly accretive process for Oroco and its shareholders,” commented Craig Dalziel, the Oroco CEO. “We are now able to fully focus on the development of a significant geological asset which brings with it a very positive local community relationship; exceptional supporting infrastructure; an eager and capable local workforce; and clearly supportive local, regional and federal government agencies. The future for Santo Tomás and the surrounding communities is very bright.”
Oroco Resource Corp.
Suite 1201-1166 Alberni Street Vancouver, BC V6E 3Z3
Tel: 604.688.6200
info@orocoresourcecorp.com
“Eric has been part of the Novo story from the beginning,” commented Dr. Quinton Hennigh, President and Chairman of Novo. “He has been there every time we needed financing, and more recently, has provided direct support and guidance as a director during Novo’s recent ascent to becoming one of the foremost gold explorers in the mining industry. It takes vision to do all that Novo has done, and Eric has played an invaluable part. I am truly appreciative of all of the support and guidance he has provided me and the Company over the years.”
Investor Relations:
Leo Karabelas, VP of Corporate Communications
Telephone: (416) 543-3120
E-mail: leo@novoresources.com
David Schectman, the founder of Miles Franklin Precious Metals Investments, has just released his latest musing that is a great reminder of why one should have an allocation towards physical precious metals. We are buying Silver and Platinum bullion, along with Numismatic Gold.
Contact me, Maurice Jackson, before you make your next physical precious metals purchase at 855.505.1900 or email maurice@milesfranklin.com
“We are extremely proud of the investment opportunity we have created and would like to thank the team of individuals who made this day possible.” stated Eclipse’s President and CEO, Michael G. Allen. “In addition, we are thrilled to welcome Dr. Warwick Board as Vice President of Exploration for the Company. Dr. Board has over 22 years of global mineral exploration experience and I look forward to working with him and the team on our Hercules Gold Property.”
Contact Eclipse Gold Mining:
Dylan Berg, VP, Investor Relations
Main: 778 945 3955
David Morgan of The Morgan Report recently was a guest on TD Ameritrade Network discussing market conditions and precious metals. Watch it by clicking the green bar above.
John Hathaway of Senior Portfolio Manager at Sprott has just release a special update. Great read!