Adavale Resources : Notification regarding unquoted securities - ADD

About this update from Adavale Resources Limited

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 Notification of Issue, Conversion or Payment up of Unquoted 1 / 7 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") Notification of Issue, Conversion or Payment up of Unquoted 3 / 7 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 Notification of Issue, Conversion or Payment up of Unquoted 4 / 7 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. Notification of Issue, Conversion or Payment up of Unquoted 5 / 7 This is an excerpt of the original content. To continue reading it, access the original document here .

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