LKE 2.78% 3.7¢ lake resources n.l.

LKE set out to raise $20 million in a capital raise…made up of:-...

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    LKE set out to raise $20 million in a capital raise…made up of:

    - $15 million in a placement with Soph investors, and

    - $5 million in a SPP (share purchase plan), with retail investors.

    - Note, no institutional investors participated (only Sophs).

    The end result (after costs of $1.5 million):

    CIRCA $14.6 million.

    So a $5.4m shortfall / $20m = 27% shortfall.

    27% (over a quarter), less runway.

    IMO DYOR
 
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