Lake Resources N.L. (AU:LKE) has released an update.
Lake Resources N.L. successfully completed its Share Purchase Plan (SPP), raising A$1.5 million with the participation of 269 shareholders, who fully subscribed to the offer without a scale back. This funding, along with a recent A$15 million placement, bolsters the company’s financial position as it advances its flagship Kachi Lithium Project. The SPP offered shares at the same A$0.07 price as the institutional placement, highlighting investor confidence in the company’s strategic direction.
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