11:33 AM EST - Luiri Gold Limited : completed the first phase of the investment by Lachlan Star for 12.41 million shares at $0.12 for gross proceeds of $1.49 million. Lachlan Star elected to convert the Australian $300,000 Canadian loan as part of this first placement. Lachlan Star, an Australian-listed resource company, recently entered into an Agreement for the investment of Australian $3 million in Luiri Gold and to dual list on the Australian stock exchange. According to the Agreement between Luiri Gold and Lachlan Star, Lachlan Star would subscribe to a further 9.4 million shares at the same price for gross proceeds of $1.13 million Canadian on Luiri Gold receiving shareholder approval. This would result in Lachlan Star holding approximately 31% of the issued shares of Luiri Gold. Luiri Gold Limited
shares V.LGL are trading down $0.045 at $0.11.
