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LAKE RESOURCES N.L. — Capital/Financing Update 2014
Dec 10, 2014
65240_rns_2014-12-10_0b2f9dcd-3c29-42e7-9d3d-ebf4f28e14ac.pdf
Capital/Financing Update
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A.B.N. 49 079 471 980
11 December, 2014.
The Manager, Company Announcements Office, Australian Stock Exchange Limited, 4th Floor, 20 Bridge Street, Sydney, NSW, 2000
Dear Sir/Madam,
NOTICE OF UNDERSUBSCRIPTION - NON-RENOUNCEABLE RIGHTS ISSUE
$0.01 per share, 1 right for every 3 shares held to raise $234,000
Shareholders were advised on 29 October, 2014 of an issue for up to 23,441,008 shares at $0.01 per share
The offer closed on 8 December, 2014.
Shareholders applied for a total of 11,219,340 shares, leaving a shortfall of 12,221,668 shares.
ALLOCATION OF SHORTFALL
As per the notification to the ASX on 20 October, 2014, directors will now proceed to place the shortfall to parties nominated as underwriters. Directors expect to complete this allocation prior to 15 December, 2014.
Yours sincerely,
LAKE RESOURCES N.L.
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Peter Gilchrist, Secretary
Office: 3-7 Maud Street, Newstead, Brisbane, Queensland, Australia, 4006. Post: GPO Box 1239, Brisbane, 4001. Phone: 61 7 3257 1111. Fax: 61 7 3257 2122. Email: [email protected] Web: www.lakeresources.com.au