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Nova Lithium Corp. has announced a name change to Nova Pacific Metals Corp., effective July 11, 2024. This change will reflect on the Canadian Securities Exchange with a new trading symbol, NVPC. The company’s CUSIP number will be updated to 66979J106. There is no consolidation of share capital, and shareholders are not required to exchange their existing share certificates. The name change aligns with the company’s strategic focus on acquiring, exploring, and developing mineral properties in North America, as stated by CEO Malcolm Bell.
Positive
- Nova Lithium’s name change to Nova Pacific Metals Corp. reflects a strategic focus on broader mineral property development.
- No share capital consolidation is happening, meaning no impact on share count and shareholder dilution.
Negative
- The name change could cause temporary confusion among investors and potentially impact short-term stock performance.
Vancouver, British Columbia–(Newsfile Corp. – July 8, 2024) – Nova Lithium Corp. (CSE: NVLI) (OTC Pink: NVLIF) (FSE: YQ1) (WKN: A3DMP6) (“Nova” or the “Company“) is pleased to announce that it changed its name from “Nova Lithium Corp.” to “Nova Pacific Metals Corp.” today. At the opening of the market on July 11, 2024, the Company’s common shares will trade on the Canadian Securities Exchange under the new name. In connection with the name change, the Company’s trading symbol will be changed to “NVPC”.
The CUSIP number assigned to the Company’s common shares under its new name will be 66979J106. There is no consolidation of the Company’s share capital in connection with the name change and, as a result, certificates representing common shares of the Company will not be affected by the name change and shareholders will not be required to exchange their shares or take any other action. Shareholders holding share certificates of the Company can request a replacement certificate, however new certificates are not required and will not be automatically issued.
Nova Lithium’s CEO, Mr. Malcolm Bell, stated, “We are excited to announce the Company’s new name, Nova Pacific Metals Corp. Our new name reflects our broad commitment to building significant shareholder value through the acquisition, exploration and development of strategic mineral properties in North America.”
For more information about Nova Pacific Metals Corp., please visit our website or contact our investor relations department.
About Nova
Nova is a Canadian exploration and development company focused on pursuing projects with a significant discovery providing a viable pathway to development. The key projects owned by the Company are its Deer Musk West Lithium project located in Clayton Valley, Nevada and its recently acquired Lara Project located on Vancouver Island, British Columbia. The Company intends to continue its exploration and development efforts on its mineral projects with an view towards maximizing shareholder value.
For additional Information please visit: www.novalithiumcorp.com
On behalf of the Board of Directors
Malcolm Bell
Chief Executive Officer
For Further Information, please contact:
Nova Pacific Metals Corp.
Investor Inquiries
info@novalithiumcorp.com
+1-778-868-2226
The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.
Forward-Looking Information
Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215892
FAQ
When is Nova Lithium changing its name to Nova Pacific Metals Corp.?
Nova Lithium Corp. will change its name to Nova Pacific Metals Corp. on July 11, 2024.
What is the new trading symbol for Nova Lithium?
The new trading symbol for Nova Lithium is NVPC.
Will shareholders need to exchange their share certificates due to Nova Lithium’s name change?
No, shareholders will not need to exchange their share certificates due to the name change.
What is the new CUSIP number for Nova Pacific Metals Corp.?
The new CUSIP number for Nova Pacific Metals Corp. is 66979J106.
How will Nova Lithium’s name change affect its trading on the Canadian Securities Exchange?
Nova Lithium’s shares will trade under the new name, Nova Pacific Metals Corp., and new symbol, NVPC, starting July 11, 2024.
What is the significance of Nova Lithium’s name change to Nova Pacific Metals Corp.?
The name change reflects Nova Lithium’s broader commitment to acquiring, exploring, and developing strategic mineral properties in North America.
