ASX Market Announcements Office 8 April 2019ISSUE OF BONUS OPTIONS TO SHAREHOLDERS • Bonus Options will be issued for nil consideration to Eligible Shareholders at a ratio of one (1) freeBonus Option for every seven (7) shares held at 5:00 pm (Sydney time) on the Record Date(indicatively 17 April 2019). • Bonus Options will have an exercise price $0.04 each, expiring on 15 June 2019 and, if exercised,will result in the issue of a second option (Additional Options) and each Additional Option will havean exercise price $0.10 each, expiring on 15 June 2021 and Lake intends to seek approval to listand trade the Additional Options on the ASX. In recognition of the support from its shareholders Lake Resources NL (ASX: LKE) ACN 079 471 980 (Lake) wishesto advise that it intends to undertake a bonus issue of options (Bonus Options) to all shareholders with an addressin Australia or New Zealand .
Novel. Won't "disappoint". Will only dilute if shareholders exercise i.e. "good dilution" win/win. Not unhappy with that. I'll definitely be topping up further before the Record Date on 17 April.
LKE Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
