ASX:NVAMetals and Mining
Nova Minerals (ASX:NVA) Is Down 13.1% After Equity Raise During Trading Halt on Nasdaq and ASX - Has The Bull Case Changed?
Nova Minerals Limited has recently completed an underwritten public offering of 2,928,300 American Depositary Shares at US$6.83 each, raising approximately US$20.00 million to fund exploration and development work at its Estelle Project in Alaska, following a prior US$200.00 million universal shelf registration filing.
This equity raise, coming while trading in Nova’s securities remains voluntarily halted on both Nasdaq and the ASX, highlights the company’s push to secure development capital...