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Lachlan Star to raise $9m for S.African exploration project

West Perth based mineral exploration company Lachlan Star plans to issue 300 million new shares at three cents per share in an effort to raise $9 million.
The placement will be made in two parts, the first aiming to raise $3 million and the second the remaining $6 million, in an effort to fund the acquisition of the Holfontein Coal Project in South Africa.

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