NVA 6.90% 13.5¢ nova minerals limited

This from Snow Lake site:Capital Markets Strategy and Proposed...

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    This from Snow Lake site:

    Capital Markets Strategy and Proposed Financing

    Following a comprehensive analysis and discussion, the Snow Lake board has decided to bypass the TSX and CSE in favour of listing the Company directly onto NASDAQ. Our reasoning behind this decision was multi-faceted, but the key determinants were:

    • Valuation: the board believes that Snow Lake would command a higher valuation at IPO on NASDAQ vs. TSX and CSE, resulting in significantly less dilution, and potentially a more favourable outcome for shareholders. This view is supported by the superior forward multiples existing on NASDAQ (PE and EV/EBITDA).
    • Further supporting the above, Snow Lake will gain maximum market advantage by positioning itself as a technology materials provider with a secure supply chain, as opposed to a miner. NASDAQ connotes “technology” and immediately reflects this proposition. This would provide Snow Lake with a differential advantage in North American markets.
    • Consolidation in this sector is a very real possibility for Snow Lake, but this requires a platform offering universal appeal. A NASDAQ listing affords Snow Lake the opportunity to target a global investor base and immediately establish significant US liquidity; necessary to target companies and asset owners interested in an equity based takeout.
    • Snow Lake’s assets are in North America and many of its potential customers are based in the US. The US Markets provide natural proximity to our asset base and potential supply chain partners.
    • The TSX and CSE have seen a profusion of small cap “battery mineral” companies, This dynamic does not presently exist on NASDAQ, which provides us the opportunity to be one of a handful “pure play” lithium companies.
 
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