.novaminerals will raise some A$30million in capital to fund exploration in Alaska mining resources investment finance funding
PERTH – Junior Nova Minerals has secured A$30-million in funding to fast-track drilling in Alaska.
Every two new shares issued under the placement will have one attaching option with an exercise price of A$1.10 each and an expiry date of the end of November 2024.In addition to the share placement, Nova Minerals has also secured a convertible facility with Nebari Gold Fund 1 for $7-million, or around A$10-million. The convertible facility will have a 24-month term, a coupon rate of 6% a year and a set-up fee of 1%.
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