Lake Resources NL (ASX:LKE) Secures Further Funds to Accelerate DFS

Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) announced today it has secured further funds by having utilised its Controlled Placement Agreement ("CPA") with Acuity Capital to raise $900,000 (inclusive of costs) by agreeing to issue 15 million LKE shares to Acuity Capital at an issue price of $0.06.

The issue price of $0.06 is marginally above the 15 trading day VWAP of $0.0593 to 21 September 2020 (inclusive).

The funds raised will be used, together with other funds on hand, towards accelerating the Definitive Feasibility Study (DFS) for the development of Lake's Kachi Lithium Brine Project, general exploration and working capital.

Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au

Anthony Fensom
Republic PR
T: +61-407-112-623
E: anthony@republicpr.com.au

Henry Jordan
Six Degrees Investor Relations
T: +61-431-271-538
E: henry.jordan@sdir.com.au