Adavale Resources: board changes and completed transaction

Company News

by Jessica Amir

Adavale Resources Limited (ASX:ADD) has announced that strategic investor, Jun Moon Limited (JML), has a completed a number of transactions with the company, including the purchases of 12 million Adavale shares and a $1 million convertible note facility.

The exploration company expanding into Indonesia also announced it appointed Mr Kham Signavong as a non-executive director.

Adavale says Kham Signavong is a successful entrepreneur and trusted executive, who has grown several businesses from inception to international expansion.

The board also appointed three new directions, following the resignation of three members.

Shares in Adavale Resources Limited (ASX:ADD) last traded flat at 1.1 cent.

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