Lake Resources NL Stock Market Press Releases and Company Profile

View in Other Languages Lake Resources NL (ASX:LKE) 为促进项目融资任命首席财务官 Lake Resources NL (ASX:LKE) Appoints CFO to Drive Project Funding 
LKE appoints CFO to drive project funding
LKE appoints CFO to drive project funding

Brisbane, Oct 31, 2019 AEST (ABN Newswire) - Lithium explorer and developer Lake Resources NL (googlechartASX:LKE)(googlechartLK1:FRA) announced today the appointment of an experienced chief financial officer (CFO), Garry Gill to help ensure successful funding of the Company's planned initial lithium production in Argentina.

Mr Gill will serve as joint Company Secretary, supported by Automic which will continue as Joint Company Secretary and Lake's share registry. A chartered accountant with more than 30 years' experience in all facets of corporate, financial and administrative functions, Mr Gill has served in a range of positions including as CFO, company secretary and other senior executive positions for a number of listed and unlisted public companies. These have included serving as finance director and company secretary of Jupiters Limited, CFO/Corporate Services Manager of South Bank Corporation in Brisbane, before forming a consultancy service for small cap ASX companies over the last decade. He has delivered improved strategic analysis and financial management, streamlined budgets, refinancing, and stakeholder management of small/mid cap resource companies.

Welcoming his appointment, Lake's Managing Director, Steve Promnitz said: "Garry has a wealth of experience, particularly in the small cap sector, key to supporting Lake's drive for initial production at our Kachi and Cauchari projects.

This transition has created a need for a dedicated financial person to interact with service providers and financial institutions, including SD Capital Advisory Limited, currently seeking to secure debt funding of up to US$25 million for pre-production. Lake thanks the current outsourced accountants for their work to date."

Lake is continuing to assess a range of funding solutions including debt or investment directly at the project level to minimise any potential dilution to the Company's equity investors.


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.

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Contact

Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au



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