- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Lake Resources Issues Final Tranche of Placement Shares
Lake Resources NL (ASX:LKE) issued the final tranche of shares to be issued by the Company under its private placement.
Lithium explorer and developer Lake Resources NL (ASX:LKE) (Company) has today issued 7,000,000 shares at an issue price of $0.04, being the final tranche of shares to be issued by the Company under its private placement to sophisticated and professional investors (Placement). This brings the total amount raised under the Placement to $3,677,474 (being a total 91,396,850 shares). The attached Appendix 2A is issued in respect of this final tranche of Placement shares.
As a result of the shortfall of $306,306 under the Placement, the Company’s proposed use of funds in respect of the funds raised under the Placement and SPP Offer (as set out in the Company’s Supplementary prospectus dated 28 February 2020) will be amended to reduce the Company’s available working capital from $913,064 to $606,758 (assuming the SPP Offer is fully subscribed).
The Company reminds shareholders that the SPP Offer closes today, 13 March 2020 at 5pm AEDT. This announcement has been authorized for release to the ASX by Garry Gill, Joint Company Secretary.
Click here to connect with Lake Resources NL (ASX:LKE) for an Investor Presentation
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â