Lachlan Star Limited
TSX : LSA
ASX : LSA

Lachlan Star Limited

May 21, 2013 07:30 ET

Lachlan Star Announces Second Close of Non-Brokered Private Placement

PERTH, WESTERN AUSTRALIA--(Marketwired - May 21, 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" 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

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