14 Jan

Application for quotation of securities - ADD

Application for quotation of +securities Application for quotation of +securities 1 / 7 Announcement Summary Entity name ADAVALE RESOURCES LIMITED Announcement Type New announcement Date of this announcement Friday January 14, 2022 The +securities to be quoted are: Total number of +securities to be quoted ASX +security code Security description Number of +securities to be quoted Issue date ADD ORDINARY FULLY PAID 1,112,644 14/01/2022 Refer to next page for full details of the announcement Other Application for quotation of +securities Application for quotation of +securities 2 / 7 Part 1 - Entity and announcement details 1.1 Name of entity ADAVALE RESOURCES LIMITED We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules. 1.2 Registered number type ABN Registration number 91008719015 1.3 ASX issuer code ADD 1.4 The announcement is 1.5 Date of this announcement 14/1/2022 New announcement Application for quotation of +securities Application for quotation of +securities 3 / 7 Part 2 - Type of Issue 2.1 The +securities to be quoted are: 2.2 The +securities to be quoted are: 2.3c Have these +securities been offered under a +disclosure document or +PDS? 2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B The shares are issued in lieu of cash remuneration to Directors and KMP. 2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) No Additional +securities in a class that is already quoted on ASX ("existing class") Other Application for quotation of +securities Application for quotation of +securities 4 / 7 Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B Additional +securities to be quoted in an existing class ASX +security code and description ADD : ORDINARY FULLY PAID Issue date 14/1/2022 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Application for quotation of +securities Application for quotation of +securities 5 / 7 Issue details Number of +securities to be quoted 1,112,644 Are the +securities being issued for a cash consideration? Please describe the consideration being provided for the +securities The shares are issued in lieu of cash remuneration of Directors and Key Management Personnel Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.049000 Any other information the entity wishes to provide about the +securities to be quoted Issue price is calculated based on the last 5 Day VWAP of the month of services performed. July: 6.3 cents August: 5.5 cents September: 6.9 cents October: 5.6 cents November: 4.3 cents December: 4.6 cents The purpose(s) for which the entity is issuing the securities To pay for services rendered Please provide additional details Directors and KMP monthly fees satisfied through issue of shares in lieu of cash. No No Application for quotation of +securities Application for quotation of +securities 6 / 7 Part 4 - Issued capital following quotation Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application) ASX +security code and description Total number of +securities on issue ADD : ORDINARY FULLY PAID 352,131,803 4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description Total number of +securities on issue ADDAD : OPTION EXPIRING 31-DEC-2022 EX $0.06 15,500,000 ADDAZ : OPTION EXPIRING 21-DEC-2022 EX $0.06 2,000,000 ADDAE : PERFORMANCE RIGHTS 1,620,000 Application for quotation of +securities Application for quotation of +securities 7 / 7 Part 5 - Other Listing Rule requirements 5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? 5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 17/12/2021 Yes No
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