Nova Minerals Ltd (AU:NVA) has released an update.
Nova Minerals Ltd has announced a successful equity placement, raising $1 million to fortify its financial stance ahead of an anticipated US listing within this quarter, depending on market conditions and regulatory approvals. The placement involved long-term shareholders and directors with minimal dilution to shareholder value, aiming to ensure sufficient funding for both the US listing and the company’s 2024 field programs. Despite keen interest from US investors, the company opted to quickly complete the placement to expedite the return to trading and the continuation of its listing process.
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