Lachlan Star Limited

TSX : LSA
ASX : LSA


Lachlan Star Limited

December 05, 2013 07:30 ET

Lachlan Star Announces Purchase of Gold Put Options

PERTH, WESTERN AUSTRALIA--(Marketwired - Dec. 5, 2013) -

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 STATES

Gold miner, Lachlan Star Limited ("Lachlan Star" or the "Company") (TSX:LSA)(ASX:LSA) announces that it has purchased gold put options at a US$1,200 strike price in respect of 3,000 ounces of gold per month from January 2014 to June 2014.

The put options provide protection against a downward movement in the gold price, but leave the Company full exposed to any upward movement in the gold price.

For and on behalf of the Board

Mick McMullen, Chairman

ABN: 88 000 759 535

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