representative work

Cassels Represents the Agents in Novo Resources’ $26.4 Million Private Placement of Special Warrants


On May 4, 2021, Novo Resources Corp. completed a private placement of special warrants at a price of $2.55 per special warrant for aggregate gross proceeds of approximately $26.4 million. Each special warrant is exercisable into one unit of Novo Resources without payment of any additional consideration, with each unit consisting of one common share and one-half of one common share purchase warrant.

The placement was effected through 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.

Cassels represented the agents.

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