Nova Minerals Says Shareholders, Listed Warrant Holders Approve Schemes of Arrangement for New US Holding Entity

MT Newswires Live06-01

Nova Minerals (ASX:NVA) said the majority of its shareholders and the holders of its Nasdaq-listed warrants voted in favor of the proposed schemes of arrangement under which Nova Minerals Corp will acquire all of Nova Minerals' issued ordinary shares and listed warrants and become the new US holding entity of the Nova Minerals group, according to a Monday Australian bourse filing.

Nearly 99% of the votes cast by shareholders were in favor of the proposed arrangements, while almost 100% of the votes cast by beneficial listed warrant holders were in favor.

A court hearing for the Supreme Court of New South Wales to consider and potentially approve the schemes of arrangement is scheduled for Tuesday.

Nova Minerals' shares fell nearly 1% in early trading on Monday.

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