Funding Facility Secured for $1m

Adavale Resources Limited (ASX: ADD) is pleased to advise that the Company has entered into a Standby Subscription Agreement with Addchance Holdings Limited. The facility has a limited of $1.0m with drawdowns under the facility satisfied by the issue of fully paid ordinary shares in the Company. The shares are to be issued at 80% of the 5-day VWAP prior to the date of issue of the shares. The term