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BRIEF-Kirkland Lake Gold announces agreement for strategic investment in Novo Resources
September 5, 2017 / 11:27 AM / 3 months ago

BRIEF-Kirkland Lake Gold announces agreement for strategic investment in Novo Resources

Sept 5 (Reuters) - Kirkland Lake Gold Ltd

* Kirkland Lake Gold announces agreement for strategic investment in Novo Resources

* Co has entered into a term sheet agreement with Novo Resources to acquire 14 mln units at a price of c$4.00 per unit

* Following recent block purchase of novo common shares, co currently owns approximately 9.2 pct common shares of Novo

* Upon closing of financing, company is expected to own approximately 18.2 pct of Novo’s issued and outstanding common shares Source text for Eikon: Further company coverage:

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