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Lakes Blue Energy NL ( (AU:LKO) ) has provided an update.
Lakes Blue Energy NL has announced the reinstatement of its securities on the ASX trading platform, following a successful placement of shares to institutional investors, raising approximately $6.5 million. The company has received regulatory approvals for its drilling operations and plans to use the raised funds to support its exploration and development program, enhancing its operational and financial position.
More about Lakes Blue Energy NL
Lakes Blue Energy NL operates in the energy sector, focusing on exploration and development of energy resources. The company is engaged in activities related to drilling and has a market focus on expanding its asset base and operational capabilities.
Current Market Cap: A$58.43M
See more insights into LKO stock on TipRanks’ Stock Analysis page.