Nova Growth Corp. - Announces Upcoming Motion for Leave to Appeal on April 11/02 and its Annual and General Meeting of Shareholders (cnw)
TORONTO, April 6 /CNW/ - Nova Growth Corp. (the "Company") (YVA-CDNX) announces the following update concerning its Motion for Leave to Appeal in the Kepinski and Boxer action and its Annual and General Meeting of Shareholders
Nova Growth v. Andrzej Kepinski, Richard Boxer and Falls
Entertainment, et al
The Company announces that its Motion for Leave to Appeal the decision of Justice Farley, J. of December 31, 2001 will be heard in the Divisional Court Of Ontario on April 11, 2002. Details of the December 31st orders are contained in the Company's press release of January 30, 2002 and in the Company's information folder at www.sedar.com (Material Change report dated January 30, 2002).
The Company's Annual and General Meeting of Shareholders will be held on April 24, 2002 at the offices of its corporate counsel, Fasken Martineau DuMoulin LLP. Information Circulars concerning this meeting have been delivered to the Company's Transfer Agent for distribution to all shareholders of record of the Company.
As previously announced, the Company plans to undertake a $2,000,000 non- brokered financing of equity units, each unit comprised of $150,000 of common shares and warrants. The pricing of the shares and warrants will be subject to regulatory approval.
The proceeds will be used for general corporate purposes and to fund the Company's previously disclosed legal actions.
The Canadian Venture Exchange ("CDNX") has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. Nova Growth Corp. has 11,104,383 common shares issued and outstanding (19,729,383 on a fully diluted basis).
For further information: contact: Mr. Brian L. Hamm, President and Director, at (416) 738-2929; or visit Nova Growth's information folder, at www.sedar.com. |
