NVA.AX
Proposed issue of securities
Announcement Summary
For personal use only
Entity name
NOVA MINERALS LIMITED
Announcement Type
New announcement
Date of this announcement
25/11/2021
The Proposed issue is:
A placement or other type of issue
Total number of +securities proposed to be issued for a placement or other type of issue
Maximum Number of
ASX +security code
+Security description
+securities to be issued
New class-code to be
Performance Rights
24,000,000
confirmed
Proposed +issue date
25/11/2021
Refer to next page for full details of the announcement
Proposed issue of securities
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Proposed issue of securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of +Entity
NOVA MINERALS LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2
Registered Number Type
Registration Number
ABN
84006690348
1.3
ASX issuer code
NVA
25/11/2021
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities
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Proposed issue of securities
Part 7 - Details of proposed placement or other issue
only
Part 7A - Conditions
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
type of issue can proceed on an unconditional basis?
Yes
use
7A.1a Conditions
Approval/Condition
Date for determination
Is the date estimated or
** Approval
+Security holder approval
25/11/2021
actual?
received/condition met?
Actual
Yes
Comments
Approved at the 2021 AGM on 25 November 2021
personal
P rt 7B - Issue details
Is the proposed security a 'New
Will the proposed issue of this
class' (+securities in a class that is
+security include an offer of
not yet quoted or recorded by ASX)
attaching +securities?
or an 'Existing class' (additional
No
securities in a class that is already
quoted or recorded by ASX)?
New class
Details of +securities proposed to be issued
For
ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
Have you received confirmation from
Will the entity be seeking quotation
ASX that the terms of the proposed
of the 'new' class of +securities on
+securities are appropriate and
ASX?
equitable under listing rule 6.1?
No
Yes
ASX +security code
+Security description
New class-code to be confirmed
Performance Rights
+Security type Performance options/rights
Proposed issue of securities
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Proposed issue of securities
Number of +securities proposed to be issued 24,000,000
Offer price details
only
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
No amount is payable for the issue of the Performance Rights, which are being issued as remuneration.
Please provide an estimate of the AUD equivalent of the consideration being
use
provided for the +securities
3,360,000.000000
Will all the +securities issued in this class rank equally in all respects from
their issue date?
No
If some of the issued +securities do not rank equally
Is the actual date from which the +securities will rank equally (non-ranking
Provide the actual non-ranking end
personal
end date) known?
date
Yes
25/11/2026
Details of the type of +security that will be issued if the option is exercised
Please state the extent to which the +securities do not rank equally:
In relation to the next dividend, distribution or interest payment; or
For any other reason
The relevant milestone applicable to each class of performance right - 8,000,000 Class A Performance Rights, 8,000,000
Class B Performance Rights and 8,000,000 Class C Performance Rights,
Performance options/rights details
+Security currency
Exercise price
Expiry date
AUD - Australian Dollar
AUD 0.0000
25/11/2026
For
NVA : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
24,000,000 Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02439789
Proposed issue of securities
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Proposed issue of securities
Part 7C - Timetable
7C.1 Proposed +issue date 25/11/2021
only
Part 7D - Listing Rule requirements
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
No
use
7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15%
placement capacity under listing rule 7.1?
No
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's
additional 10% placement capacity under listing rule 7.1A (if applicable)?
No
personal
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
7E.2 Is the proposed issue to be underwritten?
Yes
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
No
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
No
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
No
For
No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
Proposed issue of securities
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Disclaimer
Nova Minerals Limited published this content on 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 04:49:05 UTC.