Lachlan Star Ltd. Announces Purchase of Gold Put Options

05.12.2013  |  Marketwired

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



CONTACT INFORMATION

Lachlan Star Limited
Michelle McAuliffe
+61(8) 9481 6006
michelle.mcauliffe@lachlanstar.com.au
www.lachlanstar.com.au