Even you should understand what this refers to duggie!The shares...

Even you should understand what this refers to duggie!

The shares issued are security for the ATM facility established and are there acting as collateral for any debt that is ultimately used by Lake in this facility if they choose to do so. The additional shares issued were due to the extension of the facility - over and above the original amount. None of this available debt has been used to date. The ATM facility can be cancelled at any time by Lake and all of the Collateral Shares may be bought back and cancelled FOR NIL CONSIDERATION.

Simple stuff really.