Share Purchase Plan Demand Update
Melbourne, July 25, 2019 AEST (ABN Newswire) - The directors of Nova Minerals Limited (Nova or Company) (
ASX:NVA) (QM3:FRA) wish to advise that the share purchase plan (SPP) will not be extended beyond the prescribed Closing Date being 5.00pm, Monday 29 July 2019.
Nova will provide an update on the final acceptances under the SPP in due course.
NVA Managing Director, Mr. Avi Kimelman said:
"We undertook the SPP to give existing shareholders the opportunity to buy shares on the same terms as the recent placement to institutional and sophisticated investors. The SPP has been strongly supported and the offer will not be extended after 5.00pm, Monday 29 July 2019."
"It's very exciting to see the breadth of support we have among investors with Nova's Oxide prospect sharing geological similarities to that of Kinross' Fort Knox Gold and Victoria Gold's Dublin Gulch Eagles Gold Mine systems as we look to advance one of our fifteen known targets to a maiden Inferred JORC Resource in the near term."
"We also look forward to updating shareholder on Snow Lake Resources Ltd in due course."
About Nova Minerals Limited
Nova Minerals Limited's (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) vision is to develop North America's next major gold trend. The company is focused on exploration in Alaska's prolific Tintina Gold Belt, a province which hosts a 220 million ounce (Moz) documented gold endowment and some of the world's largest gold mines and discoveries including Victoria Gold's Eagle Mine and Kinross Gold Corporation's Fort Knox Gold Mine. The company's flagship Estelle Project has a current total estimated JORC gold resource of 9.6Moz (3Moz Indicated and 6.6Moz Inferred). Estelle is a 45km long string of 15 identified gold prospects bracketed by the Korbel deposit in the north and the RPM deposit in the south. These two deposits are currently host to extensive exploration programs.
Additionally, Nova has an indirect interest in the Canadian Thompson Brothers Lithium Project through a substantial stake in Snow Lake Resources Ltd (NASDAQ:LITM) and holds a 12.99% interest in Torian Resources Limited (ASX:TNR), a gold exploration company based in Western Australia.
| ||
|
