ADAVALE RESOURCES LIMITED — Share Issue/Capital Change 2021

Aug 9, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

ADAVALE RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday August 10, 2021

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
ADD	ORDINARY FULLY PAID	1,143,990	09/08/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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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

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New announcement

1.5 Date of this announcement

10/8/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
09-Aug-2021 11:27	New - Proposed issue of securities -	A placement or other type of issue
	ADD

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

Application for quotation of +securities

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

ADD : ORDINARY FULLY PAID

Issue date 9/8/2021

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Total percentage of +securities held Number of +securities held Number of holders For example, to enter a value of 50% please input as 50.00 1 - 1,000 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 5 100.00 % 100,001 and over %

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 345,285

Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Various contracted services from experts ending at the close of July 2021. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.059000

Any other information the entity wishes to provide about the +securities to be quoted

The Company agreed to issue shares in-lieu of cash to certain contractors. The share price was based on the last trading day of July 2021.

ASX +security code and description ADD : ORDINARY FULLY PAID

Issue date

9/8/2021

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over	5	100.00 %

Application for quotation of +securities

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Application for quotation of +securities

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Issue details

Number of +securities to be quoted

798,705

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Four months service, from April until July 2021 by the relevant directors and officers, with fees fixed $3000 each per month (ex GST).

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.075000

Any other information the entity wishes to provide about the +securities to be quoted

Share price, is calculated per month, based on the closing 5 day VWAP of each calendar month, as approved at the AGM.

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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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)

	Total number of
ASX +security code and description	+securities on issue
ADD : ORDINARY FULLY PAID	287,957,985
4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+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

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

Application for quotation of +securities

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