Share Purchase Plan Update
Share Purchase Plan Update

Melbourne, July 31, 2019 AEST (ABN Newswire) - The directors of Nova Minerals Limited (Nova or Company) (googlechartASX:NVA)(googlechartQM3:FRA) hereby advises the results of its Share Purchase Plan (SPP), which closed Monday, 29 July 2019.

The Company initially had sought to raise $1 million under the SPP. Nova received applications from 346 eligible shareholders worth $3,135,000 in valid subscriptions under the SPP. As a result, the board of directors will increase the amount raised under the SPP to $2,508,000.

Despite the increase in the size of the SPP, the Company found it necessary to scale back the applications. The scale back was applied at approximately 20% on an equal basis across all eligible shareholder applicants.

"We are pleased with the outcome of the SPP and the opportunity to now move to our Maiden Gold JORC Report at the District Scale Estelle Gold Project" said Nova's MD, Mr Avi Kimelman. "The groundswell of support from shareholders for the SPP allows the Company to aggressively pursue its exciting exploration endeavours in Alaska, further develop its Thompson Bros lithium opportunity through our Snow Lake Resources spin off and unlocking value through its highly prospective opportunities within the company's project portfolio."

Nova expects to complete the SPP allotment and despatch refunds and holding statements for the new shares allotted to shareholders on or about Monday 5th August 2019. The new shares are expected to commence trading on the ASX on Tuesday 6 August 2019.

To view the full release, please visit:
http://abnnewswire.net/lnk/763AL339


About Nova Minerals Limited

Nova Minerals LtdNova 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.

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Contact

Nova Minerals Ltd
P: +61-3-9614-0600
F: +61-3-9614-0550
WWW: novaminerals.com.au



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