Application for quotation of +securities
Announcement Summary
For personal use only
Entity name
ADAVALE RESOURCES LIMITED
Announcement Type
New announcement
Date of this announcement
Friday January 14, 2022
The +securities to be quoted are:
Other
Total number of +securities to be quoted
ASX +security | Number of +securities to | ||
code | Security description | be quoted | Issue date |
ADD | ORDINARY FULLY PAID | 1,112,644 | 14/01/2022 |
Refer to next page for full details of the announcement
Application for quotation of +securities | 1 / 7 |
Application for quotation of +securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
ADAVALE RESOURCES LIMITED
We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.
1.2 | Registered number type | Registration number |
ABN | 91008719015 | |
1.3 | ASX issuer code | |
ADD |
- The announcement is New announcement
- Date of this announcement
14/1/2022
Application for quotation of +securities | 2 / 7 |
Application for quotation of +securities
Part 2 - Type of Issue
2.1 The +securities to be quoted are: Other
For personal use only
2.2 The +securities to be quoted are:
Additional +securities in a class that is already quoted on ASX ("existing class")
2.3c Have these +securities been offered under a +disclosure document or +PDS? No
2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
The shares are issued in lieu of cash remuneration to Directors and KMP.
2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:
The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)
Application for quotation of +securities | 3 / 7 |
Application for quotation of +securities
Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B
For personal use only
Additional +securities to be quoted in an existing class
ASX +security code and description
ADD : ORDINARY FULLY PAID
Issue date
14/1/2022
Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes
Application for quotation of +securities | 4 / 7 |
Application for quotation of +securities
Issue details
For personal use only
Number of +securities to be quoted
1,112,644
Are the +securities being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
The shares are issued in lieu of cash remuneration of Directors and Key Management Personnel
Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted
0.049000
Any other information the entity wishes to provide about the +securities to be quoted
Issue price is calculated based on the last 5 Day VWAP of the month of services performed. July: 6.3 cents
August: 5.5 cents
September: 6.9 cents
October: 5.6 cents
November: 4.3 cents
December: 4.6 cents
The purpose(s) for which the entity is issuing the securities
To pay for services rendered
Please provide additional details
Directors and KMP monthly fees satisfied through issue of shares in lieu of cash.
Application for quotation of +securities | 5 / 7 |
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Adavale Resources Limited published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 06:01:01 UTC.