Sprott invests in Victorian gold
KALAMAZOO Resources, an Australian gold explorer with projects in Victoria, has attracted investment from Canadian gold bull Eric Sprott and Canadian-listed company Novo Resources, which has several Pilbara gold projects. Sprott and Novo will each subscribe to 10m shares in Kalamazoo at a price of 40c/share to raise $8m for Kalamazoo’s drilling programs in the Castlemaine, South Muckleford and Tarnagulla Central gold projects in Victoria. Kalamazoo chairman and CEO Luke Reinehr said in a statement to the ASX that he was pleased to welcome Mr Sprott and Novo as investors. “The investment of $8m by Novo and Eric Sprott is a terrific endorsement of our Central Victorian Goldfield’s strategy to explore smarter, using new technologies and innovations in a low...