Nova Minerals (ASX:NVA) announces pricing of underwritten public offering

Nova Minerals Limited (ASX:NVA) has announced the pricing of an underwritten public offering of 430,000 American Depository Shares (ADS) at a price to the public of US$5.00 per ADS, resulting in gross proceeds of US$2,150,000. The offering is expected to close on September 25, 2024, and the Company intends to use the proceeds for resource and exploration field programs, including additional drilling and exploration, feasibility studies, and general working capital.

Executive Commentary on Underwritten Public Offering

The Company is pleased to announce the pricing of the underwritten public offering, which will provide the necessary funding for our resource and exploration field programs. This offering reflects our commitment to advancing the Estelle Project and furthering our exploration activities. We believe that the additional drilling, exploration, and feasibility studies will contribute significantly to the development of our mining complexes and prospects, ultimately enhancing the value of the Company. We are grateful for the support of ThinkEquity as the sole book-running manager for the offering, and we look forward to the successful completion of this transaction.

Summary of Nova Minerals (ASX:NVA) Announcement

Nova Minerals Limited (ASX:NVA) has successfully priced an underwritten public offering of 430,000 American Depository Shares (ADS) at a price to the public of US$5.00 per ADS, generating gross proceeds of US$2,150,000. The Company plans to utilize the proceeds for resource and exploration field programs, including additional drilling and exploration, feasibility studies, and general working capital. The offering is expected to close on September 25, 2024, subject to customary closing conditions. This strategic move aligns with the Company's focus on advancing the Estelle Project and its commitment to further exploration activities. The successful completion of this offering is anticipated to support the Company's ambitions in developing its mining complexes and prospects, contributing to its long-term corporate strategy and growth objectives.