Adavale Resources Announces New Director Holdings

Adavale Resources Limited (AU:ADD) has released an update.

Allan Ritchie has been appointed as a director of Adavale Resources Limited, bringing with him significant holdings in the company, including over 19 million ordinary shares and various listed and unlisted options, as detailed in their Initial Director’s Interest Notice. His interests are spread across multiple entities, with the largest being held by RAAR Capital Group Pty Ltd and Ritchie Capital Pty Ltd. The announcement underscores the company’s transparency and compliance with ASX listing rules, signaling potential strategic influence by Ritchie’s appointment.

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