Adavale Resources Ltd issues options prospectus
Key points
- Offers 73,541,668 options to Placement Participants
- Offers 3,619,047 options to Participating Directors
- Offers 5,000,000 options to GBA Capital Pty Ltd
Full summary
Adavale Resources Ltd has released a prospectus for the offer of options, with no funds to be raised. The offers include: (a) 73,541,668 options exercisable at $0.035 each on or before 30 June 2028 to Placement Participants on the basis of one option for every two shares subscribed for and issued under the Placement; (b) 3,619,047 options to the Participating Directors (or their respective nominees) on the same basis; and (c) 5,000,000 options to GBA Capital Pty Ltd (or its nominee(s)). The company obtained shareholder approval for the issues at a general meeting held on 5 September 2025.
Summary generated by a large language model. Please interpret with care.