Non-brokered offering sold ordinary shares at C$0.20 each
By Devika Patel
Knoxville, Tenn., Nov. 8 - Lachlan Star Ltd. said it settled a C$6.5 million non-brokered private placement of stock on Thursday. The placement priced for C$8 million on Sept. 30.
The company sold ordinary shares at C$0.20 apiece. The price per share is identical to the Sept. 27 closing share price.
Lachlan Star is a gold and copper mining company based in Perth, Australia.
| Issuer: | Lachlan Star Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | C$6.5 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 30
|
| Settlement date: | Nov. 7
|
| Stock symbol: | Toronto: LSA
|
| Stock price: | C$0.20 at close Sept. 27
|
| Market capitalization: | C$33.66 million
|
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