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TORONTO, ONTARIO--(Marketwired - March 27, 2014) - Lydian International Ltd. (TSX:LYD) ("Lydian" or "the Company"), a gold-focused mineral exploration and development company, is pleased to announce that it has closed its previously announced private placement financing to International Finance Corporation ("IFC"), pursuant to which it issued and sold to IFC an aggregate of 1,731,000 ordinary shares of the Company at a price of CAD $1.00 per share, for aggregate gross proceeds of CAD $1,731,000 (the "IFC Placement"). The Company intends to use the proceeds of the IFC Placement to fund the costs of technical studies, project related operating expenses and to complete a feasibility study in respect of the Company's Amulsar Project in Armenia. |
