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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

ASX:LKE
Market: ASX
Market Cap: $22.77 m
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Lake Resources gets "vote of confidence" as partner secures $20 million from...

Lake Resources Ltd’s (ASX:LKE) is buoyed by the news that its partner and provider of a sustainable direct extraction ion exchange process for lithium brine, Lilac Solutions, has secured US$20 million through Bill Gates-led fund Breakthrough Energy. LKE's managing director Steve Promnitz told...

on 24/2/20

2 min read