Core Viewpoint - Nova Minerals Limited announces a 5 for 1 forward split of its American Depositary Receipt (ADR) program to enhance liquidity and align its share price with industry peers amid strong interest in its gold and antimony assets [5]. Group 1: ADR Program Changes - The ADR ratio has changed from 60 ordinary shares per 1 ADS to 12 ordinary shares per 1 ADS, effective October 28, 2025 [2][3]. - ADR holders will receive four additional ADSs for every one ADS held as of the record date, October 27, 2025 [4]. - The first day of trading under the new ratio is expected to be October 29, 2025 [3]. Group 2: Warrant Adjustments - The exercise price of the public warrants will decrease from $7.266 per ADS to $1.4532 per ADS following the forward stock split [6]. - The proportion of ADSs issued upon exercise of each warrant will adjust from one warrant for one ADS to one warrant for five ADSs, maintaining the aggregate exercise price unchanged [6]. Group 3: Company Overview - Nova Minerals Limited is focused on the exploration and development of gold, antimony, and critical minerals, particularly advancing the Estelle Project in Alaska [7]. - The Estelle Project covers 514 km² and contains multiple mining complexes with over 20 advanced gold and antimony prospects, including two defined multi-million ounce resources [7][8]. - The project is located in the Tintina Gold Belt, known for its significant gold endowment and historical antimony production [8].
Change to ADS Ratio and Stock Distribution