Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Lachlan Star ( (AU:LSA) ) has issued an announcement.
Lachlan Star Limited has completed Tranche 1 of a share placement announced on 1 April 2026, issuing 60,000,000 fully paid ordinary shares at $0.12 each to raise new equity capital. The issuance was conducted without a prospectus under section 708A of the Corporations Act, indicating reliance on exemptions for certain investors.
The company confirmed it is up to date with its financial reporting and continuous disclosure obligations under the Corporations Act and that there is no excluded information that must be disclosed in relation to this placement. This assurance aims to provide comfort to investors that the capital raising has been carried out in compliance with regulatory requirements and without undisclosed material information impacting the new securities.
The most recent analyst rating on (AU:LSA) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Lachlan Star stock, see the AU:LSA Stock Forecast page.
More about Lachlan Star
Lachlan Star Limited (ASX: LSA) is an Australian-listed company, though the specific industry and core operations are not detailed in the announcement. It is a public issuer on the ASX and subject to Australian corporate reporting and continuous disclosure obligations under the Corporations Act 2001.
YTD Price Performance: 198.08%
Average Trading Volume: 838,951
Technical Sentiment Signal: Hold
Current Market Cap: A$47.79M
See more data about LSA stock on TipRanks’ Stock Analysis page.