Novo Provides Corporate Update
October 20 2017 - 6:00PM
Novo Resources Corp. (TSX-V:NVO) (OTCQX:NSRPF)
(“Novo” or the “Company”) reports the appointment of Messrs. Rob
Humphryson and Michael Barrett as directors of the Company,
replacing Messrs. Luca Bechis and Herrick Lau who have resigned.
The Company would like to thank Messrs. Bechis and Lau for their
invaluable contributions throughout their tenure and wishes them
well in their future endeavours.
Mr. Michael Barrett has over 26 years’
international experience in top-rated organisations, including
Deloitte, Rio Tinto, WMC Resources and PWC. Mr. Barrett is a
highly-regarded former CFO with extensive board level strategic
experience, combined with hands-on operational experience and deep
international capital markets experience. Mr. Barrett is a
Chartered Accountant and started his career with PWC in London, UK.
From 2004 until 2015, Mr. Barrett was based in the US with Rio
Tinto's energy business unit. Promoted to CFO in 2007, he was
instrumental in leading Rio's divestment of the division and, in
2009, successfully listing the business on the NYSE as Cloud Peak
Energy Inc. with a valuation of approximately US$2 billion. From
2009 to 2015, Michael was CFO of Cloud Peak Energy, one of the
largest listed coal producers in the US, helping steer the business
through a period of significant disruption in US markets. After
returning from the US to Perth in 2015, Mr. Barrett spent two years
as National Lead Partner for Deloitte's Risk Advisory Energy and
Resources practice, where he specialised in corporate governance,
board advisory and risk management for many of the largest mining
and energy and resources companies nationally.
Mr. Rob Humphryson was appointed as the
Company’s Chief Executive Officer on June 5, 2017. He is a Mining
Engineer who graduated from the Western Australian School of Mines
in 1990. Mr. Humphryson has over 25 years of experience within
ASX-listed companies in the Australian mining industry, gaining
broad exposure to underground and open pit mining operations from
both a contractor and owner miner’s perspective. A 17-year career
at Macmahon Underground (formerly National Mine Management)
culminated in executive operational and business development
leadership roles within the group. He has more recently held senior
roles at Swick Mining Services (Business Development Manager) and
Silver Lake Resources (Chief Operating Officer), where he gained
significant exposure to precious metals project construction,
operation and acquisitions. Mr. Humphryson is a member of the
AusIMM.
"We are delighted to have Mr. Humphryson and Mr.
Barrett join our board at this time," commented Dr. Quinton
Hennigh, Chairman and President of Novo Resources Corp. "Mr.
Humphryson, who joined Novo as CEO in June 2017, has served a vital
role in building and managing the team needed to
advance our new Karratha gold project. Mr. Barret brings a
strong set of financial, corporate governance and M&A skills.
Both Mr. Humphryson and Mr. Barret are Perth-based,
building a solid foundation for Novo to grow as an
Australian-focused gold explorer."
The Company also reports that it has granted
incentive stock options to certain directors, officers, employees,
and consultants to purchase up to 2,800,000 common shares in the
capital of the Company pursuant to its stock option plan. The
options are exercisable on or before October 20, 2022 at an
exercise price of CAD$7.70 per share. The options are subject to
certain vesting conditions.
About Novo Resources
Corp.Novo’s focus is to explore and develop gold projects
in the Pilbara region of Western Australia, and Novo has built
up a significant land package covering approximately 10,000 km2.
Novo also controls a 100% interest in approximately 2 sq km
covering much of the Tuscarora Au-Ag vein district, Nevada. For
more information, please contact Leo Karabelas at (416) 543-3120 or
e-mail leo@novoresources.com.
On Behalf of the Board of Directors,
Novo Resources Corp.
“Quinton Hennigh”Quinton HennighChairman and
President
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Novo Resources (TSXV:NVO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Novo Resources (TSXV:NVO)
Historical Stock Chart
From Apr 2023 to Apr 2024