Lake Resources N.L. (ASX: LKE) has announced the opening of the Lake share purchase plan (SPP) offer, initially announced on 12 March 2024.
The SPP is now open to eligible existing Lake shareholders with a registered address in Australia and New Zealand who were holders of Lake shares as at 7.00pm (AEDT) on 11 March 2024 to apply for up to A$30,000 of new fully paid ordinary shares in Lake without incurring brokerage or other transaction costs.
The SPP follows the successful completion of a A$15M placement of approximately 213.6M new fully paid ordinary shares in Lake to sophisticated institutional and professional investors, showing strong support for Lake’s strategic partnership plans for its flagship Kachi project.
Both the placement and the SPP are being issues at a price of A$0.07 per new fully paid ordinary share.
The funds raised from the placement and SPP will enable Lake to support its liquidity and balance sheet strength as it pursues strategic financing alternatives for its flagship Kachi project.
To find out more, please visit www.lakeresources.com.au
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