Lachlan Star (ASX:LSA) received notice that DevEx Resources (ASX:DEV) decreased its holdings in the company to 21.63% from 26.16%, according to a Friday filing with the Australian bourse.
DevEx Resources now owns 79.7 million shares in the company, the filing said.
Lachlan Star's shares fell 3% in recent Friday trade, while DevEx Resources declined 2%.