Placement and Share Purchase Plan (SPP) Update

Placement and Share Purchase Plan (SPP) Update

Lake Resources presents an update to its Placement and Share Purchase Plan

  • Lake issued placement shares last week. Any delayed settlement has been discussed to be considered in allocations under the Shortfall Placement.
  • The Share Purchase Plan (SPP) is progressing with funds already arriving for subscriptions.
  • The cash portion of the Convertible Securities facility is currently being paid out from cash and 
debt facilities available.

Placement

Lithium explorer and developer Lake Resources NL (ASX:LKE) announced on 14 February 2020 that the Company had issued 36,521,850 shares at an issue price of $0.04 per share to raise approximately A$1.47 million before costs, in a private placement (Placement) to sophisticated and professional investors. The Company had indicated that it had intended to issue the balance of the Placement shares which would have raised a further amount of approximately $500,000 this week (which would have brought the total Placement raised to approximately $1.97 million). These Placement funds may separately be considered in allocations in shortfall shares after the close of the SPP. The company is also in negotiations with other sophisticated and professional investors to fill any shortfall under the SPP which may raise up to $1.5 million. The Company will be preparing a supplementary prospectus which will address these matters.

Read the rest of the Press Release here

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcements have been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Appendix 2A
  • Appendix 3G

The announcements can be viewed at:

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Lake Resources NL Quarterly Activities Report

Brisbane, Australia (ABN Newswire) – Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is a lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium products from its flagship Kachi Project (4.4mt LCE resource), as well as three other lithium brine projects in Argentina. No mining is involved in the brine processing.

The projects are in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost. Lake owns over 220,000 hectares (0.5 million acres) of leases, including one hard rock project, alongside all 5 major lithium producers.

This efficient, disruptive direct lithium extraction method (DLE) from our technology partner, Lilac Solutions, will enable Lake Resources to be an efficient, responsiblysourced, environmentally friendly and cost competitive supplier of high-purity lithium carbonate.

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Galan Lithium Limited Reports Quarterly Activities for the Period Ended 31 March 2021

The Board of Galan Lithium Limited (“Galan” or “the Company”) is pleased to provide this Quarterly Activities Report for the quarter ended 31 March 2021 and thereafter. The main focus for the quarter was the completion of the laboratory test work for its low carbon footprint brine evaporation process at its flagship Hombre Muerto West (“HMW”) project located in the South American Lithium Triangle in Catamarca, Argentina.

HIGHLIGHTS

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Piedmont Lithium March 2021 Quarterly Report

Piedmont Lithium Limited (ASX: PLL; NASDAQ: PLL) (“Piedmont” or “Company”) is pleased to present its March 2021 quarterly report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210430005102/en/

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Sayona Mining Ltd Quarterly Activities Report

Brisbane, Australia (ABN Newswire) – Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) released today its activities report for the March quarter 2021, highlighting further advances at its lithium projects in Quebec, Canada together with gold exploration in Western Australia.

Quarter Highlights

– Strategic partnership announced with leading US lithium corporation, Piedmont Lithium Limited, to invest up to US$12 million (AUD$15.5m) in Sayona Mining, together with offtake agreement

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