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Article: Lydian Announces Private Placement; Resource Sector Specialists Macquarie Bank Invests $2 Million.
- Article from:
- Marketwire Canada
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Nov 6, 2009 (Marketwire via COMTEX) -- Lydian International Ltd. (TSX:LYD)("Lydian" or "the Company"), a diversified mineral exploration and development company, is pleased to announce that it has completed a non-brokered private placement with prominent financial investor and resource sector specialists Macquarie Bank Limited of 3,333,333 ordinary shares at a price of $0.60 per ordinary share for aggregate gross proceeds of $2,000,000. Lydian will pay a finder's fee equal to 1.5% of the gross proceeds of this part of the private placement. In addition, Lydian has placed a further 330,000 ordinary shares at a price of $0.60 per ordinary share for ...