Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Announcement Summary
For personal use only
Entity name
ADAVALE RESOURCES LIMITED
Date of this announcement
Friday January 14, 2022
The +securities the subject of this notification are:
Other
Total number of +securities to be issued/transferred
Total number of | |||
ASX +security | +securities to be | ||
code | Security description | issued/transferred | Issue date |
New class - code | Options exercisable at $0.15 expiring 13 January | 9,000,000 | 14/01/2022 |
to be confirmed | 2025 |
Refer to next page for full details of the announcement
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
ADAVALE RESOURCES LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
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
Notification of Issue, Conversion or Payment up of Unquoted | 2 / 7 |
Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 2 - Issue details
For personal use only
2.1 The +securities the subject of this notification are: Other
Please specify
Issue of Unlisted Options to Directors and Key Management Personnel approved at AGM.
2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:
does not have an existing ASX security code ("new class")
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B
only | New +securities | |||
ASX +security code | +Security description | |||
New class - code to be confirmed | Options exercisable at $0.15 expiring 13 January 2025 | |||
+Security type | ISIN code | |||
Options | ||||
use | Date the +securities the subject of this notification were issued | |||
14/1/2022 | ||||
Will all the +securities issued in this class rank equally in all respects from their issue date? | ||||
personal | Yes | |||
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under | ||||
listing rule 6.1? | ||||
Yes | ||||
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being | ||||
issued. | ||||
https://stocknessmonster.com/announcements/add.asx-2A1339459/ | ||||
Options Details | ||||
+Security currency | Exercise price | Expiry date | ||
AUD - Australian Dollar | AUD 0.15000000 | 13/1/2025 | ||
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of | ||||
company option | ||||
For | Other | |||
Description
Fully Paid Ordinary Shares upon conversion/exercised.
Any other information the entity wishes to provide about the +securities the subject of this notification
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
The issue of the Director Options are subject to shareholders approval. Approval obtained at the AGM held on 17 December 2021.
only | |||
Issue details | |||
Number of +securities | |||
9,000,000 | |||
use | Were the +securities issued for a cash consideration? | ||
No | |||
Please describe the consideration being provided for the +securities | |||
Director options issued as approved by shareholders at the AGM. | |||
Purpose of the issue | |||
Other | |||
personalFor | Additional Details | ||
Incentive options as described in the Notice of AGM. | |||
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