• Lake has entered into an agreement to underwrite 19,200,000 LKEO options at A$0.10 exercise price for $1.9 million with a group of current shareholders as joint underwriters.
• Successful underwriting of options provides Lake flexibility while drilling is being completed for the maiden resource statement at the large scale Kachi Lithium Brine Project in Argentina, anticipated to be ready in October.
• The Kachi Lithium Brine Project is an exciting maiden discovery of a very large, deep salt lake basin, of similar size to globally significant lithium producers, over 22 x 8 kilometres that hosts a very large lithium brine body from near surface to over 400 metres depth.
Argentine-focused lithium exploration and project development company Lake Resources N.L. (ASX:LKE, “Lake” or “LKE”) advises that Lake has entered into an Options Underwriting Agreement (“Agreement”) with a group of current shareholders as Joint Underwriters who meet the requirements to perform this service.
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