Kirkland Lake rakes in $45M from Novo sale

KIRKLAND Lake Gold has sold a significant chunk of its stake in Novo Resources Corp for US$45.3 million.

Kirkland Lake rakes in $45M from Novo sale Kirkland Lake rakes in $45M from Novo sale Kirkland Lake rakes in $45M from Novo sale Kirkland Lake rakes in $45M from Novo sale Kirkland Lake rakes in $45M from Novo sale

Ore from Novo's Karratha project

The company entered into an agreement with Stifel GMP and Clarus Securities Inc to arrange the sale of 18.5 million units at $2.45 per unit.

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