Lake Resources NL Stock Market Press Releases and Company Profile

View in Other Languages Lake Resources NL (ASX:LKE) Bonus Issue Appointment of Nominee Lake Resources NL(ASX:LKE)红利期权发行任命代持人 Lake Resources NL(ASX:LKE)紅利期權發行任命代持人 
Bonus Issue Appointment of Nominee
Bonus Issue Appointment of Nominee

Sydney, Aug 31, 2021 AEST (ABN Newswire) - Clean lithium developer Lake Resources NL (googlechartASX:LKE) (googlechartLK1:FRA) (googlechartLLKKF:OTCMKTS), ACN 079 471 980, wishes to advise that it has today dispatched a Notice to Ineligible Shareholders of the previously announced Bonus Option Issue, which is detailed below.

- Lake has appointed a nominee to receive options that would otherwise have been issued to offshore "Ineligible Shareholders" to facilitate their participation in the Bonus Option issue.

- Bonus Options will have an exercise price $0.35 each, expiring on 15 October 2021 and, if exercised, will result in the issue of a second option (Additional Options) and each Additional Option will have an exercise price $0.75 each, expiring on 15 June 2022

Lake is pleased to welcome the support from Lodge Partners Pty Ltd (Nominee or Lodge), which has agreed to act as Nominee for the holding and exercise of Bonus Options for offshore or foreign shareholders ("Ineligible Shareholders"), outside of the following Eligible Jurisdictions identified in the Bonus Option Issue Prospectus, namely Australia, New Zealand and the United Kingdom, Jersey, the Netherlands, the Republic of Ireland, Argentina, Indonesia, Pakistan, Hong Kong and Singapore , which would have otherwise been issued to these Ineligible Shareholders, if they had addresses in Eligible Jurisdictions. These Ineligible Shareholders constitute approximately 2.5% of the Lake shareholders at the Record Date, Thursday 24 August 2021.

As previously noted in the Bonus Option Issue Prospectus, Lake intended to seek the appointment of a nominee to receive and exercise the Ineligible Shareholders' Options to which they would otherwise be entitled, sell any resulting Shares and Additional Options and remit the proceeds to those Ineligible Shareholders. Lake has now appointed Lodge as Nominee. As previously noted, the Nominee will have the absolute and sole discretion to determine the price at which any resulting Shares and Additional Options are sold.

Full details are available in the link below:
https://abnnewswire.net/lnk/6166FY63


About Lake Resources NL

Lake ResourcesLake Resources NL (ASX:LKE)  (OTCMKTS:LLKKF) is a clean 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 among three other projects covering 220,000 ha.

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.

https://twitter.com/Lake_Resources https://www.linkedin.com/company/lake-resources/ abnnewswire.com 


Contact

Steve Promnitz
Managing Director
+61 2 9188 7864
steve@lakeresources.com.au

Anthony Fensom
Republic PR
+61 (0) 407 112 623
anthony@republicpr.com.au

Henry Jordan
Six Degrees Investor Relations
+61 (0) 431 271 538



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