27 Feb 2012 07:00
27 February 2012
Nova Resources Limited
("Nova" or the "Company")
Issue of Shares and Total Voting Rights
Issue of Shares
The Company is pleased to announce that it has raised £210,000 by way of a subscription for shares at an issue price of £0.095 each with various investors (the "Subscription"). The Subscription comprises 2,210,526 new ordinary shares of par value £0.01 each ("Ordinary Shares") in the capital of the Company and represents 2.76% of the enlarged share capital of the Company at Admission (the "Subscription Shares").
The proceeds of the Subscription will be used for working capital and to execute Nova's investing policy.
Application will be made to the London Stock Exchange for the Subscription Shares to be admitted to trading on AIM and it is expected that admission will be effective and trading will commence at 8:00 am on 5 March 2012 ("Admission").
Total Voting Rights
Following Admission, the Company will have 82,410,526 Ordinary Shares in issue. Since the Company holds no shares in Treasury, the total number of voting rights in the Company is therefore 82,410,526 and this figure may therefore be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
For enquiries: | |
Nova Resources Limited | Tel: +65 6236 2985 |
Fook-Meng Chan, Chief Executive Officer
| |
Daniel Stewart & Co plc | Tel: +44 (0) 20 7776 6550 |
David Hart and James Felix (Nomad) | |
Martin Lampshire (Broker) |