Share Issues and Corporate Changes
Melbourne, June 2, 2020 AEST (ABN Newswire) - The Directors of Nova Minerals Limited (
ASX:NVA) (QM3:FRA) (NVAAF:OTCMKTS) are pleased to announce that the funds have been received from Collins St Asset Management Pty Ltd ('CSVF') as part of the Prepayment Funding Facility announced on 28 May 2020 ('Facility'). Furthermore, CSVF has exercised all its listed options as announced on 28 May 2020.
The Company has issued the following:
- 12,768,749 Ordinary Shares (converted NVAO) raising the Company a further $415,000
- 18,000,000 Unquoted Options exercisable at $0.07 (7 cents) and expiring on 02 June 2022 and 4,300,000 Ordinary Shares to CSVF for arrangement of the Facility. For full details of the terms and conditions of the Facility refer to ASX announcement lodged on 28 May 2020.
Details of the Ordinary Share issue have been included in an Appendix 2A lodged with the ASX on 2 June 2020.
The Company is in a strong financial position to fast track its systematic exploration approach, seeking to significantly increase the current 2.5Moz Gold resource and simultaneously move the Korbel prospect to feasibility stage during the course of 2020.
Appointment of Co-Company Secretary
The Company has appointed Mr Romy Hersham as Co-Company Secretary. This is effective immediately.
About Nova Minerals Limited
Nova Minerals Limited (ASX:NVA) (FRA:QM3) is a Gold, Antimony and Critical Minerals exploration and development company focused on advancing the Estelle Project, comprised of 514 km2 of State of Alaska mining claims, which contains multiple mining complexes across a 35 km long mineralized corridor of over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources, and several drill ready Antimony prospects with massive outcropping stibnite vein systems observed at surface. The 85% owned project is located 150 km northwest of Anchorage, Alaska, USA, in the 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, Barrick's Donlin Creek Gold Project and Kinross Gold Corporation's Fort Knox Gold Mine. The belt also hosts significant Antimony deposits and was a historical North American Antimony producer.
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