Asia
Lake Resources Raising Nearly AU$4 Million Through At-the-Market Subscription Deal With Acuity Capital; Shares Gain 5%
Lake Resources (ASX:LKE) is raising AU$3.8 million through the issuance of 63.5 million ordinary shares to Acuity Capital at a price of AU$0.06 per share, according to a Monday filing with the Australian bourse.The company said it will issue the shares under its at-the-market subscription agreement with Acuity.Payment of the funds is expected on Monday, and the proceeds will be used for operating and general corporate expenditures to progress activities related to the company's Kachi project in Argentina, per the filing.Lake Resources shares gained 5% in recent Monday trade.
ASX:LKE
