LKO update from DGR
Investment in Lakes Oil NL
Lakes Oil is in the process of being recapitalised as it prepares for re-quotation on the ASX. As part of this
recapitalisation process, DGR Global has agreed to invest $1 million into LKO Convertible Notes priced at
$0.0009 each, with a coupon rate of 15% per annum, and convertible into fully-paid ordinary shares on a
1:1 basis. The Convertible Note issue is being combined with a royalty arrangement such that for every $1
million invested, the investee is entitled to a 2% royalty on future gas sales from certain Lakes Oil
tenements (pro rata for less or more than $1 million).
Our 29 % stake should be back on the market. Great news for us. Relisting is expected before Xmas. DYOR.
Price chart & updates, page-37
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.970M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76920 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 172746 | 3 |
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| Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
| NPM (ASX) Chart |
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