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Gold/Mining/Energy : NOVA GROWTH CORP. - YVA-CDNX -- Ignore unavailable to you. Want to Upgrade?


To: NAUGHTY NOTES who wrote (12)11/3/2000 4:51:34 PM
From: Golf Pro6  Respond to of 37
 
It's nice to have a clear time horizon, we now have about 5 months to go. It will be interesting to see if this case goes to trial, my understanding is that most commercial cases settle beforehand. Another issue that interests me is the temporary casino site; I read in the paper a few weeks ago that it will probably remain open along with the new permanent venue. I'm not sure if that is accounted for in the $200 million assessment, if not then I would think it would increase the value substantially. We shall see GP6.



To: NAUGHTY NOTES who wrote (12)12/12/2000 3:21:33 PM
From: CIMA  Respond to of 37
 
Nova Growth Corp. (YVA-V) news released yesterday:

newswire.ca

Attention Business Editors:

Nova Growth Corp. - (YVA-CDNX) - Announces Receipt of Subscriptions for
$750,000 Secured Convertible Debentures

TORONTO, Dec. 11 /CNW/ - Nova Growth Corp. (the "Company") announces it
has received non-brokered subscriptions for a total of $750,000 of 9%
secured convertible debentures (the "Debentures") from arm's length parties.
The Debentures are for a term of two years and are convertible into units at
$0.25 per unit, each unit consisting of one common share of the Company and
one common share purchase warrant. The warrant is exercisable for a period
of two years from conversion, at a price of $1.00.
The proceeds will be used for general corporate purposes and to fund the
Company's previously disclosed litigation against:

- Andrzej Roman Kepinski (a former President and Director of the
Company), 1021862 Ontario Limited (a company beneficially owned by Mr.
Kepinski), A. Kepinski & Associates, Richard Boxer (a former director and
officer of the Company's wholly owned subsidiary Win North Gaming
Corporation), 867214 Ontario Limited (a company associated with Mr. Boxer),
Buckingham Capital Corporation (a company associated with Mr. Boxer), and
Falls Entertainment Corporation (a company that is beneficially owned by Mr.
Kepinski and Mr. Boxer). The Company claims, among other things, that
certain or all of the interests of any and all of the defendants in Falls
Entertainment Corporation and the Niagara Falls Casino-Gateway Project are
the property of the Company, that the debentures issued by the Company
relating to the acquisition of Win North Gaming Corporation to each of
1021862 and 867214 are void, or voidable at the option of the Company, that
the defendants
deliver to the Company 1,900,000 shares of the Company, damages in the
amount of $10,000,000, indemnity for all liabilities incurred by the
defendants in the name of the plaintiffs, and that the defendants do not
have any interest in or claim against any of the undertakings of the
Company, or Win North Gaming Corporation; court file no. 99-CL-3473. The
Ontario Superior Court of Justice has set a trial date of April 2, 2001 in
respect of this action.
- Gaming Venture Group, court file no. 00-CV-197099.
- Coopers and Lybrand, court file no. 98-CV-149051.

The completion of the issuance of the Debentures is subject to approval
of the Canadian Venture Exchange. The Canadian Venture Exchange 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 outstanding (13,629,383
on a fully diluted basis).

For further information: Mr. Brian L. Hamm, President and Director at
(416) 362-3966 or visit the Company's information folder on www.sedar.com

_____________________________________________________________________________________
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To: NAUGHTY NOTES who wrote (12)3/22/2001 6:07:22 PM
From: CIMA  Respond to of 37
 
Tuesday March 20, 4:27 pm Eastern Time
Press Release
SOURCE: Nova Growth Corp.

Nova Growth Corp. - litigation update
TORONTO, March 20 /CNW/ - Nova Growth Corp. (the "Company") announces the following update concerning its outstanding litigations.
KEPINSKI, BOXER AND FALLS ENTERTAINMENT, et al

Certain of the interlocutory motions concerning the Company's litigation against Andrzej Roman Kepinski (a former President and Director of the Company), Richard J.G. Boxer (a former director and officer of the Company's wholly owned subsidiary Win North Gaming Corporation), and their related companies as reported on January 30, 2001 have been adjourned pending mediation. Mediation has been tentatively scheduled for mid-April 2001. By order of the Commercial Court, the court files in respect of the motions and mediation have been sealed.

COOPERS & LYBRAND

The Company commenced an action in Ontario against Coopers & Lybrand; Coopers & Lybrand L.L.P.; Gary Hassard; Robert Scarpelli and Michael French seeking an accounting and other relief against the Defendants in respect of services performed by the Defendants for the Company in respect of various casino ventures pursued by the Company, including ventures in Trinidad, the Azores, Calgary and Niagara Falls. The Company reports that it will be proceeding to schedule discoveries.

GAMING VENTURE GROUP ("GVG")

The Ontario action is against Shiplake Casino Corp. ("Shiplake"), an Ontario corporation and Park Gaming, L.P. ("Park"), a Delaware limited partnership. In the action, the Company is seeking, among other things, a declaration that it carried on business as a partner or, alternatively, as a joint-venturer with Shiplake and Park in respect of GVG's response to the February 18, 1997 request for proposals of the Gaming Control Commission's (Ontario) Charity Gaming Club Project. The Company is also seeking an accounting of all right, title and interest, as well as proceeds and benefits held or obtained, by Shiplake or Park, in any monies paid in respect of the GVG Bid. The Company also claims damages in the amount of $10,000,000. The Company reports that pleadings have now been exchanged by the parties, and the Company expects to commence discoveries in the near future.

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 outstanding (19,629,383 on a fully diluted basis).



To: NAUGHTY NOTES who wrote (12)5/28/2002 2:49:38 PM
From: CIMA  Respond to of 37
 
Nova Growth Corp. - Announces Results of Motion for Leave to Appeal (cnw)

TORONTO, May 28 /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.

Nova Growth v. Andrzej Kepinski, Richard Boxer and Falls

Entertainment, et al

The Company announces that its Motion for Leave to Appeal of the decision of Justice Farley, J. of December 31, 2001 was 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).

Justice R.J. Flinn in his endorsement dated May 27, 2002, refused to grant Leave to Appeal of the decision of Justice Farley, J. of December 31, 2001.

As a result of Justice R.J. Flinn's May 27, 2002 endorsement arising from the Company's Motion for Leave, which was heard on April 11, 2002, the Company is now considering seeking Leave to Appeal the Order of Justice Farley, J. to the Supreme Court of Canada. Details will be released in due course.

The Company's Annual and General Meeting of Shareholders was held on April 24, 2002 as previously announced. Shareholders of the Company unanimously approved all resolutions tabled at the meeting by management.

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: Mr. Brian L. Hamm, President and Director at (416) 738-2929, or visit Nova Growth's information folder at www.sedar.com