Nova Minerals Corp (ASX:NVA) has notified the market of the issue of 87,299 unquoted common stock purchase warrants, issued on 4 November 2026, with an exercise price of USD 3.75 and an expiry date of 21 October 2031, according to an Appendix 3G filing dated 5 November 2026.

Key Points

  • 87,299 unquoted common stock purchase warrants issued on 4 November 2026 at an exercise price of USD 3.75 per warrant
  • Warrants are classified as advisory warrants and were issued to pay for services rendered, not for cash consideration
  • The warrants expire on 21 October 2031 and upon exercise will convert into NVAAY common stock
  • The securities were issued without security holder approval using the company's 15% placement capacity under ASX Listing Rule 7.1

Terms of the Unquoted Advisory Warrants

According to the filing, the 87,299 warrants are described as common stock purchase warrants denominated in US dollars, with an exercise price of USD 3.75 per warrant and an expiry date of 21 October 2031. The securities are classified under a new ASX security class, with a code to be confirmed. Upon exercise, the warrants will result in the issue of NVAAY common stock. The warrants are unquoted and are not listed on ASX. The filing states the securities are classified as options for the purposes of the Appendix 3G disclosure.

Purpose of the Warrant Issue

The filing discloses that the warrants were not issued for cash consideration. Instead, the stated purpose of the issue is to pay for services rendered, with the securities described as unquoted advisory warrants. The company disclosed that the issue was made without security holder approval, utilising the entity's 15% placement capacity under ASX Listing Rule 7.1. The filing confirms that security holder approval under Listing Rule 7.1 was not obtained, and the issue was not made under an exception in Listing Rule 7.2.

Securities on Issue Following the Warrant Issue

Following the issue, Nova Minerals Corp's quoted securities comprise 218,697,432 CHESS Depositary Interests on a 12:1 basis listed under the NVA code. Unquoted securities on issue include 199,995 performance rights, 332,361 warrants expiring 25 July 2029 at USD 1.4532, 1,710 warrants expiring 25 July 2028 at USD 10.365, 710 warrants expiring 24 September 2029 at USD 7.50, 38,270 warrants expiring 17 July 2030 at USD 13.875, 19,969,582 NVAAY common stock, 239,634,984 12:1 CDI equivalents, 1,239,578 options expiring on various dates at various prices, and the newly issued 87,299 warrants expiring 21 October 2031 at USD 3.75.