Brief: Novo And Sumitomo Corp Extend Memorandum Of Understanding To Advance Novo’s Australian Projects

Novo Resources

07/01/2019 14:00

Jan 7 (Reuters) - Novo Resources Corp:
    * NOVO AND SUMITOMO CORPORATION EXTEND MEMORANDUM OF
UNDERSTANDING
TO ADVANCE NOVO’S AUSTRALIAN PROJECTS
    * NOVO RESOURCES - EXTENDED EXPANDED PREVIOUSLY ANNOUNCED
NON-BINDING MEMORANDUM OF UNDERSTANDING WITH SUMITOMO
CORPORATION OF TOKYO, JAPAN
    * NOVO RESOURCES CORP - SUMITOMO COMMITS TO MAKE AVAILABLE
UP TO 5
BILLION JAPANESE YEN IN ORDER TO ACCOMPLISH OBJECTIVES
    * NOVO RESOURCES CORP - SUMITOMO WILL RETAIN SOLE AND
EXCLUSIVE
RIGHT TO DETERMINE FINAL FUNDING MECHANISM
    * NOVO RESOURCES CORP - NOVO SHALL SEEK APPROVAL FROM BOARD
OF
DIRECTORS TO PROVIDE SUMITOMO WITH RIGHT OF FIRST REFUSAL OVER
PROJECT.

Source text for Eikon:  ID:nGNX3fFHcQ 
Further company coverage:  8053.T 

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