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ADAVALE RESOURCES LIMITED — Capital/Financing Update 2012
Jul 30, 2012
64300_rns_2012-07-30_fc534155-027c-4dd4-b34e-870df3484487.pdf
Capital/Financing Update
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31 July 2012
Company Announcements Platform Australian Securities Exchange 20 Bridge Street Sydney NSW 2000
Share Sale Agreement
On 31[st] July 2012, Mr Haryono Eddyarto, a director of Adavale Resources Limited (ASX: ADD) (the Company), has agreed to assume the Company’s USD300, 000 financial obligation to Adavale Harner Resources, subject to BKPM approval.
The Company has agreed to immediately transfer to Mr Eddyarto 300 shares in Adavale Harner Resources on receipt of BKPM’s approval and the payment by Mr Eddyarto of USD300, 000 direct to Adavale Harner Resources to complete the Company’s obligation.
On completion of the transaction the shareholding in Adavale Harner Resources will be as follows:
| SHAREHOLDER HARYONO EDDYARTOADAVALE RESOURCES LIMITED | TOTAL SHARES 900600 | NOMINAL VALUE USD 900,000USD 600,000 | PERCENTAGE60%40% |
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For more information:
Any questions concerning this announcement should be directed to Ms. Sylvie Dimarco, Company Secretary, on +61 2 9227 8900 or [email protected].
Address: U8-9 Forrest Street Cottesloe, Perth, Western Australia, Australia 6001 l Postal Address: PO Box 968, Cottesloe, Perth, Western Australia, Australia 6911. Telephone: (08) 9467 2049 l Facsimile: (08) 9286 2900 l Email: [email protected] l Website: www.adavaleresources.com.au