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Lake Resources releases new prospectus for $1.5 million share purchase plan

Lake Resources N.L. (ASX:LKE) managing director Steve Promnitz updates Proactive on a new prospectus for a $1.5 million share purchase plan.

Eligible shareholders are invited to purchase up to $30,000 worth of new shares in the lithium brine producer at an issue price of 4 cents per share.

This follows the completion of a well-supported $2 million private placement at the same price per share.

Promnitz also discusses the push by German carmakers Volkswagen and Daimler for more ‘sustainable’ lithium from Chile, with four of Lake Resource’s five projects in nearby Argentina.

Quick facts: Lake Resources NL

Price: 0.036 AUD

Market: ASX
Market Cap: $24.17 m

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Lake Resources achieves key milestone as partner completes commissioning of...

Lake Resources Ltd's (ASX:LKE) (OTC:LLKKF) Steve Promnitz speaks to Proactive's Andrew Scott following the news its technology partner Lilac Solutions has completed commissioning of the direct lithium extraction pilot plant module dedicated to processing of brines from the Kachi project in...

on 29/6/20

2 min read