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AVA Risk Group Limited (ASX:AVA)

ALERT: Price-sensitive ASX Announcement for AVA
Current share price for AVA : $0.040 -0.025 (-38.46%)+
Announcement
Release
30 Jan 2026 10:34AM
Price at Release
$0.065
Full Release
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Summary
AVA Risk Group Limited issued a Cleansing Notice in accordance with the Corporations Act, detailing the issuance of Tranche 1 Notes and Warrants under a Convertible Note Facility with Hale Capital Management. The initial funding tranche of $2,979,184 aims to enhance AVA's working capital and expansion into the US market. The convertible notes are priced at $0.1234 per share, with associated warrants set for a five-year term. Further funding through Tranche 2 Notes is pending shareholder approval. These financial maneuvers are crucial for AVA's strategic growth and involve substantial changes to its capital structure.
Key Points
  • AVA Risk Group Limited issued a Cleansing Notice under section 708A of the Corporations Act.
  • The Cleansing Notice pertains to the issuance of Tranche 1 Notes and Tranche 1 Warrants.
  • AVA entered into a Convertible Note Facility and Warrant Deed with Hale Capital Management.
  • The initial drawdown of $2,979,184 was completed with Hale subscribing to 2,979,184 convertible notes.
  • The conversion price for the notes is set at $0.1234 per share.
  • AVA also issued 19,314,000 unlisted warrants exercisable at the same price for five years.
  • A further potential funding of $4,020,816 through Tranche 2 Notes is subject to shareholder approval.
  • The funding aims to support AVA’s working capital and growth initiatives in the US market.
  • The conversion or exercise of these securities may significantly affect AVA’s capital structure.
  • Conditions including shareholder approval are necessary for the Tranche 2 issuance.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.