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Lake Resources NL (ASX:LKE)

ALERT: Price-sensitive ASX Announcement for LKE
Current share price for LKE : $0.046 -0.042 (-47.73%)+
Announcement
Release
15 Dec 2025 3:38PM
Price at Release
$0.088
Full Release
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Summary
Lake Resources NL (ASX:LKE) announced that it inadvertently breached ASX Listing Rule 7.1 by issuing 41,000,000 fully paid ordinary shares under its At-the-Market Subscription Agreement with Acuity Capital without the necessary shareholder approval. The company initially reported that the issuance of these shares would require shareholder approval and therefore did not deduct the shares from its available LR 7.1 capacity on the date of the agreement, leading to a breach. As a corrective measure, Lake Resources has implemented additional procedures to prevent future breaches, including enhanced training for officers and a review of corporate governance policies.
Key Points
  • Inadvertent breach of ASX Listing Rule 7.1 by issuing 41,000,000 shares.
  • Shares were issued under the At-the-Market Subscription Agreement with Acuity Capital.
  • Breached because shares were not deducted from LR 7.1 capacity on agreement date.
  • Procedures established to ensure compliance with ASX Listing Rules in future.
  • Company took remedial actions and reviewed governance policies.
  • Announcement approved by Board of Directors and communicated by Company Secretary.
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.