Luiri Gold-Response to Lock Up Agreement Signed by Lachlan Star

Luiri Gold Limited (TSXV:LGL) notes the announcement by Lachlan Star Limited (ASX:LSA) that it has signed a Lock up Agreement in respect of its 26.4% shareholding in Luiri.

The press release is quoted as saying:

Under the terms of the Lock up Agreement, Carlton has until 17 January 2011 to launch a bid for Luiri (or such other date to be agreed upon by Lachlan Star and Carlton). As announced on 21 December 2010, Luiri has appointed Euroz Securities Limited (“Euroz”) to advise in respect of the Proposed Takeover Offer and to assist the Directors of Luiri to evaluate and respond to the approach from Carlton.

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