Lachlan Star Finalises New Waverley Gold Acquisition with Share Issue

Lachlan Star ( (AU:LSA) ) just unveiled an announcement.

Lachlan Star Limited has completed the acquisition of the New Waverley Project, securing a 90% interest in the Waverley Gold Project through the issue of 12,500,000 fully paid ordinary shares, half of which are under 12 months’ voluntary escrow. The company confirmed that these shares were issued without a disclosure document under the Corporations Act, while stating it remains compliant with its continuous disclosure and financial reporting obligations and has no excluded information requiring disclosure, signalling regulatory confidence around the transaction.

The structure of the share-based consideration, including escrowed shares, aligns the vendor’s interests with long-term project performance and limits immediate selling pressure on the stock. By bolstering its gold project portfolio under a compliant capital-raising framework, Lachlan Star strengthens its strategic position in the gold exploration market and provides stakeholders with improved visibility on governance and disclosure practices around this key acquisition.

The most recent analyst rating on (AU:LSA) stock is a Hold with a A$0.12 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 resources company focused on gold exploration and development projects. The company expands its portfolio through project acquisitions and equity-based consideration, targeting majority stakes in gold assets to build scale and leverage exploration upside for shareholders.

YTD Price Performance: 150.0%

Average Trading Volume: 726,907

Technical Sentiment Signal: Hold

Current Market Cap: A$38.46M

For detailed information about LSA stock, go to TipRanks’ Stock Analysis page.