Brief: Lachlan Star To Acquire NSW Copper- Gold Portfolio From Devex Resources

Lachlan Star

03/08/2023 02:32

Aug 3 (Reuters) - DevEx Resources Ltd  DEV.AX :
    * TO ACQUIRE HIGHLY PROSPECTIVE NSW COPPER- GOLD PORTFOLIO
FROM
DEVEX RESOURCES
    * IN CONSIDERATION FOR ACQUISITION, LSA WILL ISSUE 756.7
FULLY-PAID LSA SHARES TO DEVEX AT A DEEMED ISSUE PRICE OF A$0.01
    * LSA WILL ALSO UNDERTAKE A 1 FOR 10 CONSOLIDATION OF
CAPITAL
    * FOLLOWING COMPLETION DEVEX WILL HOLD 36.46% OF CO AND WILL
APPOINT TWO DIRECTORS TO LSA BOARD

Source text for Eikon:  ID:nASX6mRhnR 
Further company coverage:  DEV.AX 

 ((Reuters.Briefs@thomsonreuters.com;))