Adavale Resources Limited (AU:ADD) has released an update.
Adavale Resources Limited has announced a new securities issue, proposing the issuance of 20 million options, expiring on 31st December 2025, under the code ADDOA. The proposed issue date is set for 9th May 2024, as detailed in their recent Appendix 3B filing with the ASX. The move by the resource company is intended to increase funds, possibly signaling an expansion or development within its business operations.
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