Completion of Issue of Unsecured Notes
Brisbane, Jan 31, 2018 AEST (ABN Newswire) - Further to Lake Resources N.L. (
ASX:LKE) ("Lake" or "the Company") announcement of 3 November 2017, the Company is pleased to confirm that it has completed the issue of 1,665,000 unsecured notes (Notes) to sophisticated and professional investors, raising a total of $1.665 million for the Company.
As previously announced, the funds raised through the issue of these Notes will be used by Lake for exploration expenditure, including the costs of advancing drilling and working capital.
About Lake Resources NL
Lake 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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