TORONTO, ONTARIO--(Marketwired - Jan. 3, 2017) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") is pleased to provide an update on its $160 million term loan facility with Orion Co VI (ED) Limited ("Orion") and Resource Capital Fund VI L.P. ("RCF") ("Term Loan"). All dollar amounts in this news release are presented in [...]
TORONTO, ONTARIO--(Marketwired - Dec. 28, 2016) - Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") is pleased to announce that its wholly owned Armenian operating subsidiary has entered into a secured credit facility with Caterpillar Financial Services (UK) ("Cat Financial") for a maximum principal amount of US$42 million ("Cat Term Facility"). Proceeds of the Cat Term Facility will be used to purchase [...]
TORONTO, ONTARIO--(Marketwired - Nov. 28, 2016) - Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") is pleased to announce it will be attending the Mines and Money Conference in London, U.K. from November 29 to December 1, 2016. Douglas Tobler, Chief Financial Officer, and Hayk Aloyan, Managing Director of Lydian Armenia, will attend the conference. Lydian will be exhibiting at Booth B5. Company [...]
TORONTO, ONTARIO--(Marketwired - Nov 22, 2016) - Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") is pleased to announce that it, through its wholly owned Armenian operating subsidiary, has entered into a US$24 million secured credit facility ("Facility") with Ameriabank CJSC ("Ameriabank"). Proceeds of the Facility will be used for equipment purchases at Lydian's 100%-owned Amulsar Gold Project in Armenia [...]
TORONTO, ONTARIO--(Marketwired - Nov 14, 2016) - Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") reported its results for the three and nine month periods ended September 30, 2016. All figures are reported in U.S. dollars, unless otherwise indicated. Q3 2016 HIGHLIGHTS Receipt of $35 million as the second and final deposit under the Stream Agreement; Closing of a private placement with the EBRD for gross [...]
TORONTO, ONTARIO--(Marketwired - Nov. 1, 2016) - Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") is pleased to announce that all privately owned land required for its 100%-owned Amulsar Gold Project have been acquired. Lydian now controls all surface rights within the footprint of the Rock Allocation Area as granted to Lydian by the Republic of Armenia. Privately owned land plots within the Rock Allocation [...]
TORONTO, ONTARIO--(Marketwired - Oct. 24, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") is pleased to announce it has entered into an amendment to extend and optimize components of its $160 million term loan facility with Orion Mine Finance ("Orion") and Resource Capital Fund VI L.P. ("RCF"). All dollar amounts [...]
TORONTO, ONTARIO--(Marketwired - Oct 20, 2016) - Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") is pleased to announce that construction activities for site earthworks have started at its 100%-owned Amulsar Gold Project in Armenia. Work is underway on key roads, camp platforms, and construction facilities. Top-soil removal (pre-stripping) in the Tigranes pit area is also progressing. Upgrading of the [...]
TORONTO, ONTARIO--(Marketwired - Oct. 7, 2016) - Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") announced today the Company will be participating in the Armenian Investment Forum being held in New York City on October 10-11, 2016 at the Down Town Association. Mr. Howard Stevenson, President and CEO of Lydian will present on October 11, highlighting the Company's Amulsar Gold Project, a compelling asset [...]
TORONTO, ONTARIO--(Marketwired - Oct. 3, 2016) - Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") is pleased to announce it has received US$35 million from Orion Mine Finance ("Orion") and Resource Capital Fund VI L.P. ("RCF"), representing the gross proceeds of the second deposit under the stream agreement entered into with Orion and RCF on November 30, 2015. Together with gross proceeds from the first [...]
TORONTO, ONTARIO--(Marketwired - Sep 27, 2016) - Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") announced today that the International Cyanide Management Institute ("ICMI") has accepted the application of the Company to become a signatory to the International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the Production of Gold (the "Cyanide Code") for the Company's [...]
TORONTO, ONTARIO--(Marketwired - Sept. 16, 2016) - Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company") announced today that Howard Stevenson, the President and CEO of Lydian, will present at the 27th Annual Denver Gold Forum in Colorado. The Denver Gold Forum will be held from September 18th to the 21st in Colorado Springs. Mr. Stevenson will be presenting at 10:30am on Tuesday, September 20th. The [...]