Share Purchase Plan
Share Purchase Plan

Melbourne, July 10, 2019 AEST (ABN Newswire) - On 3 July 2019, Nova Minerals Ltd (googlechartASX:NVA) (googlechartQM3:FRA) announced that it would be undertaking a share purchase plan (Plan or SPP) to raise up to $1,000,000 before costs, with an option for the Company to accept oversubscriptions, on the terms and conditions contained in this letter and the enclosed document (Terms and Conditions) (Offer).

This SPP is in addition to the recently announced placement of 25 million fully paid ordinary shares in Nova (Shares) to professional and sophisticated investors, raising $500,000 (Placement).

Nova is now pleased to provide details of the SPP. Under the Plan, Nova is giving Eligible Shareholders (defined below) the opportunity to purchase up to $15,000 worth of Shares at an issue price of $0.02 per Share, being the same price as the Placement, irrespective of the size of their shareholding, without incurring brokerage or transaction costs.

Shareholders Eligible to Participate in the Plan

The right to participate under the Plan is optional and is available exclusively to shareholders who are registered as holders of Shares at 5:00pm (AEST) on 2 July 2019 (Record Date) and whose registered address is in Australia (Eligible Shareholders).

Share Purchase Plan

The Plan entitles Eligible Shareholders, irrespective of the size of their shareholding, to purchase up to $15,000 worth of Shares at $0.02 per Share (Price), being the same price as the Placement. The volume-weighted average price (VWAP) of Shares traded on the ASX during the 5 trading days immediately prior to the announcement date of the Offer was $0.0212. The Price represents an approximately 5.7% discount to that VWAP.

The number of Shares to be issued under the Plan is limited by the Australian Securities Exchange (ASX) Listing Rules to a maximum of 232,740,245 Shares, being 30% of Nova's share capital. Nova may, in its absolute discretion, undertake a scale-back so that not more than 30% of that number of Shares already on issue, are issued under the Plan. Scale-back decisions are made by the Board and are final. There is no minimum subscription requirement.

An application form for the Plan (Application Form) is included in this package.

Current Activities

Details of Nova's current activities are set out in the announcements made by Nova to the ASX and are available from the ASX, or Nova's website at www.novaminerals.com.au

The funds raised after costs under the Plan, as under the Placement, will be allocated towards funding the Company's explorations activities at its Estelle Gold Project and for general working capital.

To view details, please visit:
http://abnnewswire.net/lnk/16F89213


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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