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TORONTO, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“ Lydian ” or the “ Company ”) announced today that the Company’s and its direct and indirect wholly owned subsidiaries’, Lydian Canada Ventures Corporation (“ Lydian Canada ”) and Lydian U.K. Corporation Limited (“ Lydian UK ”), previously announced protection under the Companies’ Creditors Arrangement Act (the “ CCAA ”) has been extended until March 2, 2020. While under CCAA protection,...

TORONTO, Jan. 10, 2020 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“ Lydian ” or the “ Company ”) announced that it has received notice that the Toronto Stock Exchange (“ TSX ”) has determined to delist the Company’s ordinary shares effective at the close of market on February 5, 2020. The Company does not intend to appeal the decision or seek an alternative listing. The Company’s ordinary shares remain suspended from trading pending the delisting. As previously...

TORONTO, Jan. 03, 2020 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“ Lydian ” or the “ Company ”) announced today that the Company’s and its direct and indirect wholly owned subsidiaries’, Lydian Canada Ventures Corporation (“ Lydian Canada ”) and Lydian U.K. Corporation Limited (“ Lydian UK ”), previously announced protection under the Companies’ Creditors Arrangement Act (the “ CCAA ”) has been extended until January 23, 2020. While under CCAA...

TOROTO, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“ Lydian ” or the “ Company ”) announced today that the Toronto Stock Exchange (the “ TSX ”) has suspended trading of the Company’s ordinary shares and is now reviewing the eligibility of the Company’s ordinary shares for listing on the TSX as a result of the Company being granted protection under the Companies’ Creditors Arrangement Act . The delisting hearing is expected to occur in early...

TORONTO, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“ Lydian ” or the “ Company ”) announced today that the Company and its direct and indirect wholly owned subsidiaries, Lydian Canada Ventures Corporation (“ Lydian Canada ”) and Lydian U.K. Corporation Limited (“ Lydian UK ”), were granted protection under the Companies’ Creditors Arrangement Act (the “ CCAA ”) pursuant to an order (the “ Initial Order ”) of the Ontario Superior Court of...

TORONTO, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“ Lydian ” or the “ Company ”) commented on a decision by Armenia’s Administrative Court to reject an Application calling for the Minister of Environment to revoke the Environmental Impact Assessment (“ EIA ”) of the Amulsar Project approved in April 2016. The reasoning of the Court is important in the context of ongoing unlawful activities against the Amulsar Project. A small number of private...

TORONTO, Nov. 11, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX: LYD) (“Lydian” or the “Company”) announced today its results for the three and nine months ended September 30, 2019. All dollar amounts referenced in this news release are, unless otherwise indicated, in United States dollars. Third Quarter 2019 and recent developments include: Illegal Blockades – The blockades continue at the Amulsar Project site, having been in place since June 22, 2018. As a result, on...

TORONTO, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“ Lydian ” or the “ Company ”) commented on a decision by Armenia’s Ministry of Environment to reject the Company’s application to draw water from the Darb River. On July 4, 2019 the Company applied to the Ministry of Environment to water use from the Darb River at a volume of 43․5 l/s. On September 9, 2019 the Ministry suspended and commented on the application, including one comment on the need to...

ADMINISTRATIVE COURT FINDS PRIOR ANTI-AMULSAR ACTIVITIES OF GOVERNMENT OFFICIAL RAISED SUSPICIONS ON IMPARTIALITY FORMER HEAD OF ARMENIA’S ENVIRONMENTAL AND MINING INSPECTION BODY FOUND TO HAVE FAILED TO RECUSE HIMSELF FROM CONSIDERING THE MATTER TORONTO, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“ Lydian ” or the “ Company ”) is pleased to announce that the Administrative Court of Armenia ruled on October 15th in favor of Lydian Armenia, a subsidiary of...

TORONTO, Oct. 15, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“ Lydian ” or the “ Company ”) announced that the Company has entered into a fourth amended and restated forbearance agreement with its senior lenders, stream financing providers and equipment financiers (the “ A&R Forbearance Agreement ”) pursuant to which they have agreed to: (a) continue to temporarily suspend all principal and interest payments due and payable; and (b) continue to forbear from...

TORONTO, Oct. 01, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“ Lydian ” or the “ Company ”) announced that the Company has entered into a third amended and restated forbearance agreement with its senior lenders, stream financing providers and equipment financiers (the “ A&R Forbearance Agreement ”) pursuant to which they have agreed to: (a) continue to temporarily suspend all principal and interest payments due and payable; and (b) continue to forbear from...

TORONTO, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“ Lydian ” or the “ Company ”) is pleased to announce the results of an updated 43-101 Feasibility Study for its 100%-owned Amulsar Project in south-central Armenia. The results of the updated Feasibility Study show an increase in reserves from 102.6 million tonnes to 119.3 million tonnes to incorporate additional measured and indicated resources, and an increase of 192,000 oz. in recoverable gold....

Prime Minister Pashinyan Stated There is No Legal Basis to Prevent Lydian From Advancing the Amulsar Project in Accordance with its Existing Environmental Impact Assessment Mining and Environmental Inspection Body to Conduct Inspection to Ensure Compliance with Permits and EIA Lydian Agrees to Establish Participatory Environmental Monitoring Arrangement with Armenia and Community Representatives TORONTO, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX: LYD) (“ Lydian ”...

TORONTO, Aug. 30, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX: LYD) (“ Lydian ” or the “ Company ”) expressed deep disappointment today with comments made by Earth Link & Advanced Resources Development (“ ELARD ”) on a Skype conference call hosted by the Government of Armenia on August 29th to discuss an environmental audit of Lydian’s Amulsar Project and related environmental impact assessments. During the conference call, ELARD made repeated references to...

TORONTO, Aug. 22, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX: LYD) (“ Lydian ” or the “ Company ”) confirmed today that Prime Minister Nikol Pashinyan of the Republic of Armenia stated in a post to social media that he asked the Ministry of Environment (“ ME ”) on August 21, 2019 to review a report from the Special Investigative Committee of the Republic of Armenia (“ SIC ”) relating to the Amulsar Project (the “ SIC Report ”). The SIC Report reviews...

TORONTO, Aug. 19, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX: LYD) (“ Lydian ” or the “ Company ”) announced today that during a live Facebook broadcast, Prime Minister Nikol Pashinyan, of the Republic of Armenia, stated that “The information we currently have at this moment is very clear, the exploitation of the mine does not harm the environment.” The Prime Minister went on to state that Lydian would be permitted to proceed with the Amulsar Project. Edward Sellers,...

TORONTO, Aug. 16, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX: LYD) (“ Lydian ” or the “ Company ”) announced today that it has provided the Special Investigative Committee of the Republic of Armenia with responses to the recommendations contained in the report prepared by Earth Link & Advanced Resources Development on its audit of environmental aspects of the Amulsar Project (the “ Audit Report ”). Copies of the Audit Report are available in English and Armenian at:...

TORONTO, Aug. 16, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX: LYD) (“ Lydian ” or the “ Company ”) announced it was informed today that on July 18, 2019 the Republic of Armenia Cassation Court declined an appeal submitted by the Deputy Prosecutor General of the Republic of Armenia from court orders requiring authorities to initiate criminal investigations in respect of the actions of the protesters that had set up illegal blockades preventing access to Lydian’s Amulsar...

TORONTO, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX: LYD) (“ Lydian ” or the “ Company ”) announced today that the Special Investigative Committee of the Republic of Armenia (the “ SIC ”) has released the report provided to the SIC on August 7, 2019 on the environmental audit conducted by Earth Link & Advanced Resources Development on the Amulsar Project (the “ Audit Report ”). Copies of the Audit Report are available in English and Armenian at:...

TORONTO, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX: LYD) (“Lydian” or “the Company”) announced today its results for the three and six months ended June 30, 2019. All dollar amounts referenced in this news release are, unless otherwise indicated, in United States dollars. Second Quarter 2019 and recent developments include: Illegal Blockades – The blockades continue at Lydian’s Amulsar Gold Project, having been in place since June 22, 2018. As a result, two...