Looking for a promising investment opportunity? Nova Minerals Limited (Nova or the Company) (ASX: NVA, NASDAQ: NVA, NVAWW OTC: NVAAF, FSE: QM3) recently closed its underwritten US NASDAQ public offering, raising approximately US$3.3m (AUD$4.9m) through the sale of 475,000 units. Each unit consists of one American Depositary Share representing ordinary shares (“ADS”) and one warrant, offering investors an attractive opportunity to participate in Nova’s growth story.
The warrants included in the offering are exercisable for one ADS at an exercise price of US$7.266 per ADS. This exciting development has paved the way for Nova to list its ADSs and warrants on the Nasdaq Capital Market under the symbols “NVA” and “NVAWW”, respectively, providing greater exposure and liquidity in the US market.
As a strategic move, Nova has granted the underwriters an option to purchase additional ADSs and/or warrants to cover over-allotments, enhancing the potential upside for investors. The Company plans to utilize the proceeds from the offering for resource and exploration field programs, feasibility studies, and general working capital.
The successful completion of this public offering marks a major milestone for Nova and underscores the commitment of its team to driving shareholder value. Nova CEO, Mr. Christopher Gerteisen, expressed his enthusiasm for the US listing, emphasizing the significance of this achievement in advancing the Estelle Gold Project and enhancing shareholder value.
Investors looking to capitalize on Nova’s growth trajectory can visit Nova Minerals official website for more information. Stay updated with the latest developments by reading the full ASX release.
Disclaimer: This article is for informational purposes only and does not constitute financial product advice. Investors are advised to conduct thorough research before making any investment decisions. Refer to our full disclaimer for more details.