Nova minerals limited announces closing of public offering

Caufield, australia, sept. 25, 2024 (globe newswire) -- nova minerals limited (“nova” and the “company”) (nasdaq nva, nvaww) (asx: nva), (fra: qm3), a gold and critical minerals exploration stage company focused on advancing the estelle gold project in alaska, u.s.a., today announced the closing of its underwritten public offering of 473,000 american depositary shares (“ads”), with an ads-to-ordinary-share ratio of 1 to 60, at a price to the public of $5.00 per ads, which includes 43,000 adss issued pursuant to the full exercise of the underwriter's over-allotment option, for aggregate gross proceeds of $2,365,000, before deducting underwriting discounts and offering expenses.
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