Proposed issue of securities
Update Summary
For personal use only
Entity name
NOVA MINERALS LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
26/11/2021
Reason for update to a previous announcement
Correction of the breakdown between Class A, Class B and Class C Performance Rights. Should be, 6,000,000 Class A, 6,000,000 Class B and 12,000,000 Class C
Refer to next page for full details of the announcement
Proposed issue of securities | 1 / 6 |
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 |
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Correction of the breakdown between Class A, Class B and Class C Performance Rights.
Should be, 6,000,000 Class A, 6,000,000 Class B and 12,000,000 Class C
1.4b Date of previous announcement to this update
25/11/2021
1.5 Date of this announcement
26/11/2021
1.6 The Proposed issue is:
A placement or other type of issue
Proposed issue of securities | 2 / 6 |
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 | 3 / 6 |
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 | 4 / 6 |
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 | 5 / 6 |
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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 22:19:02 UTC.