Lachlan Star Announces Second Close of Non-Brokered Private Placement
21.05.2013 | Marketwire
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESPERTH, WESTERN AUSTRALIA -- (Marketwired - May 21, 2013) - Gold miner, Lachlan Star Limited ("Lachlan" or the "Company) (TSX:LSA) (ASX:LSA) is pleased to announce that it has closed on the second tranche of the previously announced non-brokered private placement.
A total of C$0.29 million has been subscribed for at a price of C$0.57 and the Company has authorised to be issued 500,000 ordinary shares to accredited North American investors.
In addition, one subscriber that has subscribed for the remaining C$8.79 million has requested additional time to complete their documentation. The Company has received approval from the Toronto Stock Exchange (TSX) to extend the completion date for the private placement to 14 June 2013. The full announcement is available on the company website or at the link below.
http://www.lachlanstar.com.au/images/130520_LSA_Private_Placement_News_Release_Final.pdf
ABN: 88 000 759 535
Contact
Lachlan Star Limited
Sarah Beardmore
+61(8) 9481 6006
sarah.beardmore@lachlanstar.com.au
www.lachlanstar.com.au