Microsoft Word - 013 Placement to fund Big Sky RC Drilling - 11-Sep-15.docx
ASX ANNOUNCEMENT
11 September 2015 Electronic lodgement
COMPANY SNAPSHOT
LODESTAR MINERALS LIMITED ABN: 32 127 026 528
CONTACT DETAILS
Bill Clayton, Managing Director
+61 8 9423 3200
Registered and Principal OfficeLevel 2, 55 Carrington Street Nedlands, WA 6009
PO Box 985
Nedlands, WA, 6909 [email protected] www.lodestarminerals.com.au
CAPITAL STRUCTURE
Shares on Issue:
324,546,575 (LSR)
Options on Issue:
20,750,000 (unlisted)
36,077,402 (listed ‐ 31 Mar 2016)
ASX: LSR
PROJECTS
Peak Hill - Doolgunna: Camel Hills - gold
Neds Creek - gold
Marymia - gold
Imbin - gold and base metals
PLACEMENT TO FUND RC DRILLING AT BIG SKY
Lodestar Minerals Limited (ASX: LSR, Lodestar or the Company) advises that it has today placed 10 million shares at a price of 1 cent per share to raise $100,000 in working capital (the Placement).
The Placement was completed in order to secure a contractor to complete an immediate follow‐up RC drill program at the Big Sky prospect within the Company's wholly‐owned Camel Hills Project before the end of the current field season.
High grade trenching results of up to 5 metres at 12.6 grams per tonne gold were recently returned from Big Sky (see ASX announcement dated 7 September 2015) and quotes from drilling contactors have now been compiled. The first drill testing of this area will be completed as soon as a contract is signed and a rig is available.
For and on behalf of the Board.
David McArthur
Director