SEC Comment Letter 0000000000-24-005341 to Nova Minerals Corp (NVA)
Nova Minerals Corp
Date: May 10, 2024 · CIK: 0001852551 · Accession: 0000000000-24-005341
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-278695
Letter
United States securities and exchange commission logo May 10, 2024 Christopher Gerteisen Chief Executive Officer Nova Minerals Ltd Suite 5, 242 Hawthorn Road, Caulfield, Victoria 3161 Australia Re:Nova Minerals Ltd Amendment No. 1 to Registration Statement on Form F-1 Filed May 3, 2024 File No. 333-278695 Dear Christopher Gerteisen: We have reviewed your amended registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our April 29, 2024 letter. Amendment No. 1 to Registration Statement on Form F-1 filed May 3, 2024 Note 1 Significant Accounting Policies Principles of Consolidation, page F-10 1.We note your response to prior comment two and disclosures on pages 31 and 43, indicating that foreign exchange gains and losses reported in your statements of profit or loss and other comprehensive income are principally due to the revaluation of intercompany loans using the foreign exchange rate at the end of each period.
Please revise your disclosure on page F-10 regarding your approach to consolidation, indicating that intercompany transactions are eliminated in consolidation, to clarify how the revaluation of intercompany loans and resulting gains and losses are handled in the application of that policy.
FirstName LastNameChristopher Gerteisen Comapany NameNova Minerals Ltd May 10, 2024 Page 2 FirstName LastName Christopher Gerteisen Nova Minerals Ltd May 10, 2024 Page 2 You may contact John Cannarella, Staff Accountant, at (202) 551-3337 or Karl Hiller, Accounting Branch Chief, at (202) 551-3686 if you have questions regarding comments on the financial statements and related matters. For questions regarding engineering comments, you may contact John Coleman, Mining Engineer, at (202) 551-3610. Please contact Liz Packebusch, Staff Attorney, at (202) 551-8749 or Daniel Morris, Legal Branch Chief, at (202) 551-3314 with any other questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation cc: Jeffrey Fessler
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United States securities and exchange commission logo
May 10, 2024
Christopher Gerteisen
Chief Executive Officer
Nova Minerals Ltd
Suite 5, 242 Hawthorn Road,
Caulfield, Victoria 3161
Australia
Re:Nova Minerals Ltd
Amendment No. 1 to Registration Statement on Form F-1
Filed May 3, 2024
File No. 333-278695
Dear Christopher Gerteisen:
We have reviewed your amended registration statement and have the following
comment(s).
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our April 29, 2024 letter.
Amendment No. 1 to Registration Statement on Form F-1 filed May 3, 2024
Note 1 Significant Accounting Policies
Principles of Consolidation, page F-10
1.We note your response to prior comment two and disclosures on pages 31 and 43,
indicating that foreign exchange gains and losses reported in your statements of profit or
loss and other comprehensive income are principally due to the revaluation of
intercompany loans using the foreign exchange rate at the end of each period.
Please revise your disclosure on page F-10 regarding your approach to consolidation,
indicating that intercompany transactions are eliminated in consolidation, to clarify how
the revaluation of intercompany loans and resulting gains and losses are handled in the
application of that policy.
FirstName LastNameChristopher Gerteisen
Comapany NameNova Minerals Ltd
May 10, 2024 Page 2
FirstName LastName
Christopher Gerteisen
Nova Minerals Ltd
May 10, 2024
Page 2
You may contact John Cannarella, Staff Accountant, at (202) 551-3337 or Karl Hiller,
Accounting Branch Chief, at (202) 551-3686 if you have questions regarding comments on the
financial statements and related matters. For questions regarding engineering comments, you
may contact John Coleman, Mining Engineer, at (202) 551-3610. Please contact Liz Packebusch,
Staff Attorney, at (202) 551-8749 or Daniel Morris, Legal Branch Chief, at (202) 551-3314 with
any other questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc: Jeffrey Fessler