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.
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.664M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $24 | 2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 726655 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 1299566 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 726655 | 0.012 |
3 | 556000 | 0.011 |
3 | 400099 | 0.010 |
3 | 955555 | 0.009 |
3 | 584383 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 1299566 | 4 |
0.015 | 496760 | 3 |
0.016 | 385936 | 3 |
0.017 | 236250 | 4 |
0.018 | 838509 | 2 |
Last trade - 15.22pm 18/10/2024 (20 minute delay) ? |
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