Nova Growth Corp. - Shareholders enter into Lock-Up Agreement.

About this update from Eranova Metals Inc.

[{"type":"text","content":"\n\n\n\nTORONTO, Nov. 23 /CNW/ - Nova Growth Corp. (the "Company") trading on CNQ\n(www.cnq.ca) under the symbol "NOVA" understands that certain shareholders of\nthe Company have a lock up agreement with 2155300 Ontario Inc. (the "Offeror")\nin respect of (i) common shares representing approximately 76% of the issued\nand outstanding common shares of the Company, and (ii) warrants representing\nall of the outstanding warrants of the Company.\n\n\nThe Company further understands that the Offeror proposes to purchase all\nof the common shares and warrants of the Company at a price of $0.50 per\ncommon share and $0.05 per warrant subject to certain conditions, and that the\nOfferor intends to mail the take-over bid circular for its offer in December,\nbut not later than within the next 60 days.\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":1772,"tagName":"div"}]

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