BRIEF-Lake Resources NL Says Received Commitments In Institutional Placement To Raise A$15 Mln

Reuters03-12

March 12 (Reuters) - Lake Resources NL :

* RECEIVED FIRM COMMITMENTS IN INSTITUTIONAL PLACEMENT TO RAISE A$15 MILLION AT A$0.07 PER SHARE

* SHARE PURCHASE PLAN TO RAISE UP TO A$5 MILLION AT SAME PRICE AS PLACEMENT

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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