Lachlan Star Limited
TSX : LSA
ASX : LSA

Lachlan Star Limited

June 17, 2013 07:30 ET

Lachlan Star Provides Update on Non-Brokered Private Placement

PERTH, WESTERN AUSTRALIA--(Marketwired - June 17, 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") (ASX:LSA)(TSX:LSA) announces that the remaining subscriber of the previously announced non-brokered private placement has failed to provide funding in accordance with the previously announced closing date of 14 June.

The Company continues to be in discussion with the subscriber and has not released that subscriber of its obligations to fund as per the binding subscription agreement.

The Company also advises that until the subscriber substantially completes on its funding obligation, the corporate office will remain in Perth and the previously announced management changes will not occur.

To view the full announcement please click the link below: http://www.lachlanstar.com.au/images/130617_LSA_Private_Placement_News_Release.pdf

ABN: 88 000 759 535

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