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Lake Resources NL (ASX:LKE)

ALERT: Price-sensitive ASX Announcement for LKE
Current share price for LKE : $0.041 0.005 (13.89%)+
Announcement
Release
16 Oct 2025 6:10PM
Price at Release
$0.036
Full Release
download
Summary
Lake Resources NL has issued a replacement prospectus for a bonus loyalty options offer. This offer is a pro-rata non-renounceable offer made to eligible shareholders, providing one loyalty option for every ten shares held. The loyalty options have an exercise price of A$0.05 per share and expire on 14 October 2028. Although no funds are raised from issuing the options, funds will be received upon their exercise, which will be used for corporate expenditures and the development of the Kachi project. The offer aims to reward shareholder loyalty and encourage further participation in the company's growth.
Key Points
  • Pro-rata non-renounceable offer of loyalty options to eligible shareholders.
  • One loyalty option for every ten shares held.
  • Loyalty options have an exercise price of A$0.05 per share.
  • Options expire at 5:00 pm (AEST) on 14 October 2028.
  • No initial funds raised; funds received upon exercise.
  • Funds to be used for Kachi project development and corporate expenses.
  • Offer designed to reward and engage loyal shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.