Results of Share Purchase Plan
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
23 April 2024
Not for release to US wire services or distribution in the United States
RESULTS OF SHARE PURCHASE PLAN
Lake Resources N.L. (ASX: LKE) (“Lake” or the “Company”) is pleased to announce the results of
its Lake Share Purchase Plan (“SPP”), which was announced to the ASX on 12 March 2024. The SPP
was open to eligible existing Lake shareholders with a registered address in Australia and New Zealand
(“Eligible Shareholders”) who were holders of Lake shares as at 7.00pm (AEDT) on 11 March 2024
(“Record Date”) to apply for up to A$30,000 of new fully paid ordinary shares in Lake (“SPP Shares”)
without incurring brokerage or other transaction costs. Terms and conditions of the SPP were set out in
the SPP offer booklet made available on 18 March 2024 to Eligible Shareholders in relation to the SPP
(“Offer Booklet”).
The SPP was undertaken on the same terms as Lake’s successful completion of a A$15 million
placement (“Placement”) of approximately 213.6 million new fully paid ordinary shares in Lake
(“Placement Shares”) 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 issued at a price of A$0.07 per new fully paid ordinary share (“Offer Price”).
The SPP closed on 18 April 2024, with the Company receiving valid applications for 21,549,799 SPP
Shares, raising a total of A$1,508,500.00 (before costs).
A total of 269 Shareholders participated in the SPP. Lake confirms that all valid applications received
from Eligible Shareholders under the SPP were accepted in full and that no scale back was undertaken.
Funds raised from the Placement and SPP, totalling approximately A$16.5 million, extend Lake’s
financial runway as it pursues a robust strategic partner process for its flagship Kachi project.
This release is approved by the Board of Directors.
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OFFER INQUIRIES:
Automic Registry Services
Email: hello@automicgroup.com.au
Address: Level 5/126 Phillip St, Sydney NSW 2000
Phone: 1300 441 596 (within Australia), or +61 2 9934 0549 (international) between 8:30 am
and 7:00 pm (AEDT time) Monday to Friday.
OTHER INVESTOR INQUIRIES:
Karen Greene, SVP, Investor Relations, Lake Resources
karen.greene@lakeresources.com.au
MEDIA:
Nigel Kassulke at Teneo
Nigel.Kassulke@teneo.com
About Lake Resources N.L. (ASX: LKE OTCQB:LLKKF)
Lake Resources N.L. is a responsible lithium developer utilising state-of-the-art ion exchange extraction
technology for production of sustainable, high purity lithium from its flagship Kachi Project in
Catamarca Province within the Lithium Triangle in Argentina. Lake also has three additional earlystage projects in this region.
This ion exchange extraction technology delivers a solution for two rising demands – high purity battery
materials to avoid performance issues, and more sustainable, responsibly sourced materials with low
carbon footprint and significant ESG benefits.
Forward Looking Statements:
Certain statements contained in this announcement, including information as to the future financial
performance of the projects, are forward-looking statements. Such forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while considered reasonable by
Lake Resources N.L. are inherently subject to significant technical, business, economic, competitive,
political and social uncertainties and contingencies; involve known and unknown risks and uncertainties
and other factors that could cause actual events or results to differ materially from estimated or
anticipated events or results, expressed or implied, reflected in such forward-looking statements; and
may include, among other things, statements regarding targets, estimates and assumptions in respect of
production and prices, operating costs and results, capital expenditures, reserves and resources and
anticipated flow rates, and are or may be based on assumptions and estimates related to future technical,
economic, market, political, social and other conditions and affected by the risk of further changes in
government regulations, policies or legislation and that further funding may be required, but
unavailable, for the ongoing development of Lake’s projects. Lake Resources N.L. disclaims any intent
or obligation to update any forward-looking statements, whether as a result of new information, future
events or results or otherwise. The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”,
“target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar
expressions identify forward-looking statements. All forward-looking statements made in this
announcement are qualified by the foregoing cautionary statements. Investors are cautioned that
forward-looking statements are not guarantees of future performance and accordingly investors are
cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty
therein. Lake does not undertake to update any forward-looking information, except in accordance with
applicable securities laws.
Not an offer in United States
This announcement has been prepared for publication in Australia and may not be released to US wire
services or distributed in the United States. This announcement does not constitute an offer to sell, or a
solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities
described in this announcement have not been, and will not be, registered under the US Securities Act
of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not
subject to, the registration requirements of the US Securities Act and applicable US state securities
laws.
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