Australia's Lachlan Star falls on discounted placement

Lachlan Star

01/04/2026 03:50

** Lachlan Star LSA.AX falls 3.3% to A$0.145; on track for worst day since March 24

** Copper and gold explorer announces placement to raise A$7.47 million ($5.2 million) at A$0.12/share

** Issue price represents 20% discount to last close

** YTD, LSA up 178.9%

($1 = A$1.4468)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))