Hancock
picked
up
an
18.6%
diluted
interest
in
Lakes
after
buying
A$4.25
million
(US$4.44
million)
of
unsecured
notes
in
the
oil
and
gas
explorer.
As
part
of
the
placement,
Hancock
was
also
able
to
appoint
professor
Ian
Plimer
to
Lakes
board
as
a
non-executive
director.
Plimer
is
a
geologist
and
also
serves
on
a
number
of
boards,
including
Hancock’s.
Lakes
said
another
Hancock
nominee
would
be
appointed
to
the
board
“in
due
course”.
Lakes
raised
over
A$6.3
million
via
converting
notes
priced
at
A$10
each,
with
fellow
Australian
company
Armour
Energy
subscribing
for…
