Sensational deal for Nova to get funding in place with a base price of 7c but with terms allowing them to repay within 120 days in cash. Gives Nova the chance to ramp up the drill program without having the need to do a raise which would need to be at a discount to do so. With oppies to he converted within the next 3 months Nova has the option to pay back. This is a big vote in confidence in the Nova team and the resource and the program ahead to lift resource and its category. Collins St Asset Management also to convert their options currently holding showing their full support for Nova and the team. Game changer for Nova and holders.
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Ann: Nova Secures Prepayment Funding Facility, page-49
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