Non-brokered deal will sell 40 million ordinary shares at C$0.20 each
By Devika Patel
Knoxville, Tenn., Sept. 30 - Lachlan Star Ltd. said it has arranged a C$8 million non-brokered private placement of stock. The placement will be completed in two tranches of about C$3 million and about C$5 million.
The company will sell 40 million 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$8 million
|
| Shares: | 40 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 30
|
| Stock symbol: | Toronto: LSA
|
| Stock price: | C$0.20 at close Sept. 27
|
| Market capitalization: | C$19.82 million
|
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