LKE

1.64%

6.0¢ lake resources n.l.

Strejd, In order to get the second option you must pay for the...

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InHindSight

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02/08/21

17:34

Post #: 54970541
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Originally posted by strejd ↑

i could be wrong but I cannot see where it says you have to be a holder of any LKE shares to receive second "Additional options".

Each Bonus Option, when exercised, will result in the issue of a second option (Additional Options).

The Additional Options will have an exercise price $0.75 each, expiring on 15 June 2022 and if exercised each
will result in the allotment and issue of one (1) fully paid ordinary share in Lake. Lake intends to seek approval
to list and trade the Additional Options on ASX.

The indicative timetable for the issue of Bonus Options and Additional Options is as follows:
Lodgement of Prospectus with ASIC 5 August 2021
Record Date for determining entitlements under the Bonus Options issue
5:00 pm (Sydney time)
10 August 2021
Issue of Bonus Options and despatch of new holding statements 12 August 2021
Bonus Options Expire 15 October 2021
Additional Options Expire 15 June 2022

Can you clarify? I have been known to be wrong before.

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Strejd,

In order to get the second option you must pay for the first option and to get the first option you must own shares.
It is really quite simple.

Cheers,
IHS

LKE Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
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