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Published on 8/2/2006 in the Prospect News PIPE Daily.

New Issue: Nova Uranium agrees C$1.25 million private placement of shares

By Laura Lutz

Des Moines, Aug. 2 - Nova Uranium Corp. has arranged a flow-through private placement with Mineralfields Group.

The company will issue up to one million flow-through shares at C$1.25 each.

Nova will use the proceeds to explore its Mont Laurier Uranium property in Quebec.

Nova is a Vancouver, B.C.-based uranium exploration and development company.

Issuer:Nova Uranium Corp.
Issue:Flow-through shares
Amount:C$1.25 million
Shares:1 million
Price:C$1.25
Warrants:No
Placement agent:Non-brokered
Investor:Mineralfields Group
Pricing date:Aug. 2
Stock symbol:TSX Venture: NUC
Stock price:C$1.17 at close Aug. 1

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