At least this should help.!? 1 February 2022 ASX Release Capital...

At least this should help.!?


1 February 2022 ASX Release Capital Raise Complete and Fully Subscribed Highlights • Capital raising pursuant to Replacement Prospectus closed on 31 January 2022. • Offers under the Replacement Prospectus were fully subscribed • A total of $4,342,810 was raised under the Offers, with a further $1,146,000 raised through placements made in advance of issue of the Replacement Prospectus • Total of $5,488,810 funds raised • New shares to be issued on 2 February 2022 The Directors of Lakes Blue Energy NL (the Company; ASX:LKO) are pleased to advise that the Company’s capital raising, pursuant to the Replacement Prospectus (Prospectus) dated 20 January 2022, closed on 31 January 2022. The Offers under the Prospectus were fully subscribed. The total amount raised pursuant to the offers under the Prospectus was $4,342,810. Together with $1,146,000 raised through placements made in advance of issue of the Prospectus, the Company has raised $5,488,810, which is well in excess of the minimum $3.55m amount required by the ASX to be raised as a precondition for resumption of trading of the Company’s shares. The Company will issue new shares to subscribers tomorrow, 2 February 2022, and anticipates that trading of shares will be allowed to resume by 7 February 2022.