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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: 0.061 AUD

ASX:LKE
Market: ASX
Market Cap: $48.32 m
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Lake Resources welcomes test results confirming it can produce very high...

Lake Resources NL's (ASX:LKE) (OTCMKTS:LLKKF) Steve Promnitz caught up with Proactive's Andrew Scott after testing confirmed that very high purity 99.97% battery-quality lithium carbonate with low impurities can be produced from its Kachi brines. Hazen Research Inc produced the results using...

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