Nova Minerals Plans Corporate Reorganization; Shares Up Pre-Bell
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Nova Minerals (NVA) plans a corporate reorganization after losing its foreign private issuer status, effective July 1. The company will redomicile to the US by June while keeping its dual ASX and Nasdaq listings. It aims to acquire the remaining 15% interest in the Estelle gold project in Alaska. CFO Michael Melamed will resign on April 30, and a search for a US-based CFO is underway. The reorganization requires shareholder and court approval, with terms expected to be finalized by April. NVA shares rose 2.3% in premarket trading.
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