Common Shares and Warrants of Nova Growth Corp. taken up by 2155300 Ontario Inc.

About this update from Eranova Metals Inc.

[{"type":"text","content":"\n\n\n\nTORONTO, April 3 /CNW/ - Nova Growth Corp. (the "Company") trading on CNQ\n(www.cnq.ca) under the symbol "NOVA" announces the following.\n\n\nThe Company announces that 6,505,253 common shares of the Company (the\n"Common Shares") representing approximately 92.3% of the issued and\noutstanding shares of the Company, and 862,000 warrants (the "Warrants")\nrepresenting 100% of the outstanding warrants of the Company were taken up by\n2155300 Ontario Inc. on April 2, 2008 for cash consideration of $0.50 per\nCommon Share and $0.05 per Warrant, further to the take-over bid announced on\nNovember 23, 2007.\n\n\nThe Company understands that 2155300 Ontario Inc. intends to acquire the\nbalance of the Common Shares pursuant to the compulsory acquisition provisions\nof the Business Corporations Act (Ontario).\n\n\nNova Growth Corp. is an Ontario public company. Since March 13, 1998 the\nCompany has been pursuing its claim to an ownership interest in the Niagara\nFalls Casino Gateway Project located in Niagara Falls, Ontario. This project\nwas awarded to a consortium on February 18, 1998. The claim, Court File No.\n98-CV-143556 is against Falls Entertainment and against former management of\nthe Company, Andrzej Kepinski, Richard Boxer, and their holding companies. In\naddition, the Company is pursuing two other actions in the Courts of Ontario\nagainst Shiplake Casino Corp. and Park Gaming L.P., Court File No.\n00-CV-197099 and Coopers & Lybrand, et al, Court File No. 98-CV-149051.\n\n\nTo review Nova Growth's public documents please visit www.sedar.com and\nsearch Nova Growth Corp. For trading and other corporate information visit\nwww.cnq.ca under the trading symbol "NOVA".\n\n\n","length":1803,"tagName":"div"}]

More updates from Eranova Metals Inc.