Options Prospectus
Open PDF
| Stock | Adavale Resources Ltd (ADD.ASX) |
|---|---|
| Release Time | 10 Sep 2025, 6:13 p.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
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.
Sign in to get more information about the company, including guidance changes and other insights.
Sign In