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 (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.
| ||
|
