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Adavale Resources Limited ( (AU:ADD) ) has issued an announcement.
Adavale Resources Limited has released a prospectus for the issuance of new options, offering 73,541,668 options to placement participants, 3,619,047 options to participating directors, and 5,000,000 options to GBA Capital Pty Ltd. These options are exercisable at $0.035 each until June 2028. The company emphasizes that no funds will be raised through these offers, and the options are considered highly speculative. This move is part of Adavale’s strategy to enhance its financial instruments and potentially strengthen its market position by providing stakeholders with additional investment opportunities.
More about Adavale Resources Limited
Adavale Resources Limited operates in the resources industry, focusing on exploration and development of mineral resources. The company is involved in the acquisition and exploration of mineral properties, aiming to identify and develop valuable resource projects.
Average Trading Volume: 891,388
Technical Sentiment Signal: Sell
Current Market Cap: A$5.3M
See more data about ADD stock on TipRanks’ Stock Analysis page.