Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Issue of Warrants

20th Jun 2013 09:54

RNS Number : 4791H
Nova Resources Limited
20 June 2013
 

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

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEVBLBLXQFEBBX

Related Shares:

NOVA.L
FTSE 100 Latest
Value8,675.18
Change41.43