20th Jun 2013 09:54
20 June 2013
Nova Resources Limited
("Nova" or the "Company")
Issue of Warrants
Nova announces that on 20 June 2013 it issued 5,500,000 warrants (the "Warrants"). Each Warrant entitles the Warrant holder to subscribe for one new ordinary share in the Company at a price of 1.5 pence per new ordinary share at any time until 30 June 2018.
5,000,000 Warrants have been issued to Landham Group Limited ("Landham"). Landham has provided a US$250,000 loan facility to Nova since August 2012 (the "Facility"). The Warrants have been issued in lieu of all outstanding interest on the Facility to date and in consideration for an extension to the Facility until 30 September 2013 and interest which would have accrued until that date.
500,000 Warrants have been issued to NAS Corporate Services Limited, a provider of corporate and financial management services. The Warrants have been issued in consideration for high level financial management and advisory services provided to Nova.
Enquiries:
Nova Resources Limited
Fook-Meng Chan, Chief Executive Officer
Tel: + 65 6236 2985
Daniel Stewart & Company Plc
(Nominated Adviser & Broker)
David Hart/James Felix (Nominated Adviser)
Martin Lampshire/Colin Rowbury (Broking)
Tel: + 44 (0) 20 7776 6550
Related Shares:
NOVA.L